This notification fixes the rate of exchange for the month of October 2000.

26th September, 2000

Notification No. 57/2000-Customs (N.T.)

            S.O. 888(E) – 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 supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.51/2000-NT-Customs, [S.O.773(E)] dated the 28th August, 2000 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 October, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.SCHEDULE-I

S.NO.

FOREIGN CURRENCY

RATE OF EXCHANGE OF ONE UNIT OF FOREIGN CURRNCY EQUIVALENT TO INDIAN RUPEES

(1)

(2)

(3)

1.

Austrian Schilling

2.95

2.

Australian Dollar

25.30

3.

Canadian Dollar

31.15

4.

Danish Kroner

5.45

5.

Deutsche Mark

20.80

6.

Dutch Guilder

18.45

7.

EURO

40.70

8.

French Francs

6.20

9.

Hong Kong Dollar

5.95

10.

Norwegian Kroner

5.05

11.

Pound Sterling

67.65

12.

Swedish Kroner

4.85

13.

Swiss Franc

26.85

14.

Singapore Dollar

26.55

15.

US Dollar

46.35

SCHEDULE-II

S.No. Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees

1.

Belgian Francs

100.85

2.

Italian Lira

2.10

3.

Japanese Yen

43.05

Sd/-

(RAJENDRA SINGH)
UNDER SECRETARY TO THE GOVT. OF INDIA

F.No.468/14/2000-Cus.V

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