GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
28th May, 2001
Notification No. 24/2001-Customs (N.T.)
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 17/2001-NT-Customs, [S.O.353(E)] dated the 25th April, 2001 the Central Government hereby:-
(a) prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899)
(b) determines for the purposes of section 14 of the Customs Act, 1962 (52 of 1962) in so far as these relate to imported goods.
that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st June, 2001 be the rate mentioned against it in the corresponding entry in column (3) thereof.
SCHEDULE-I
|
Sr.NO. |
FOREIGN CURRENCY |
RATE OF EXCHANGE OF ONE UNIT OF FOREIGN CURRENCY EQUIVALENT TO INDIAN RUPEES |
|
(1) |
(2) |
(3) |
|
1. |
Austrian Schilling |
2.95 |
|
2. |
Australian Dollar |
24.55 |
|
3. |
Canadian Dollar |
30.55 |
|
4. |
Danish Kroner |
5.45 |
|
5. |
Deutsche Mark |
20.75 |
|
6. |
Dutch Guilder |
18.40 |
|
7. |
EURO |
40.55 |
|
8. |
French Francs |
6.20 |
|
9. |
Hong Kong Dollar |
6.05 |
|
10. |
Norwegian Kroner |
5.10 |
|
11. |
Pound Sterling |
66.50 |
|
12. |
Swedish Kroner |
4.50 |
|
13. |
Swiss Franc |
26.60 |
|
14. |
Singapore Dollar |
26.15 |
|
15. |
US Dollar |
47.20 |
SCHEDULE-II
| Sr.No. | Foreign Currency |
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
|
1. |
Belgian Francs |
100.50 |
|
2. |
Italian Lira |
2.10 |
|
3. |
Japanese Yen |
39.35 |
(N.K. SINHA)
UNDER SECRETARY TO THE GOVT. OF INDIA
F.No.468/7/2001-Cus.V
