| Date: |
26-12-2001
|
| Notification No: |
CUSTOMS NOTIFICATION No 63/2001 (NT)
|
| Issuing Authority: |
Indian Customs
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| Type: |
Non Tariff
|
| File No: |
|
| Subject: |
Notification No. 63 dated 26th December 2001 (NT)
|
|
Notification No. 63 dated 26th December 2001 (NT)
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.
58/2001-NT-Customs, [S.O. 1169(E)] dated the 26th November, 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 January, 2002 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 Currency Equivalent to Indian Rupees
|
|
(1)
|
(2)
|
(3)
|
|
1.
|
Austrian Schilling
|
3.10
|
|
2.
|
Australian Dollar
|
24.50
|
|
3.
|
Canadian Dollar
|
30.35
|
|
4.
|
Danish Kroner
|
5.75
|
|
5.
|
Deutsche Mark
|
21.85
|
|
6.
|
Dutch Guilder
|
19.40
|
|
7.
|
EURO
|
42.75
|
|
8.
|
French Francs
|
6.50
|
|
9.
|
Hong Kong Dollar
|
6.15
|
|
10.
|
Norwegian Kroner
|
5.35
|
|
11.
|
Pound Sterling
|
69.35
|
|
12.
|
Swedish Kroner
|
4.50
|
|
13.
|
Swiss Franc
|
29.15
|
|
14.
|
Singapore Dollar
|
26.20
|
|
15.
|
US Dollar
|
48.10
|
Schedule � II
|
S.No.
|
Foreign Currency
|
Rate of exchange of 100 units
of foreign currency equivalent to Indian rupees
|
|
(1)
|
(2)
|
(3)
|
|
1.
|
Belgian Francs
|
106.00
|
|
2.
|
Italian Lira
|
2.20
|
|
3.
|
Japanese Yen
|
37.15
|
|
|
|