| Date: |
28-01-2002
|
| Notification No: |
CUSTOMS NOTIFICATION No 7/2002 (NT)
|
| Issuing Authority: |
Indian Customs
|
| Type: |
Non Tariff
|
| File No: |
|
| Subject: |
Notification No. 7 dated 28th January 2002 (NT)
|
|
Notification No. 7 dated 28th January 2002 (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.63/2001-NT-Customs, [S.O.1262 (E)] dated the
26th December, 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
February, 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
|
25.30
|
|
3.
|
Canadian
Dollar
|
30.30
|
|
4.
|
Danish
Kroner
|
5.75
|
|
5.
|
Deutsche
Mark
|
21.85
|
|
6.
|
Dutch
Guilder
|
19.40
|
|
7.
|
EURO
|
42.70
|
|
8.
|
French
Francs
|
6.50
|
|
9.
|
Hong
Kong Dollar
|
6.25
|
|
10.
|
Norwegian
Kroner
|
5.40
|
|
11.
|
Pound
Sterling
|
69.35
|
|
12.
|
Swedish
Kroner
|
4.62
|
|
13.
|
Swiss
Franc
|
29.05
|
|
14.
|
Singapore
Dollar
|
26.45
|
|
15.
|
US
Dollar
|
48.60
|
Schedule � II
|
S.No.
|
Foreign Currency
|
Rate of exchange of 100 units of foreign currency equivalent to
Indian rupees
|
|
1.
|
Belgian
Francs
|
105.90
|
|
2.
|
Italian
Lira
|
2.20
|
|
3.
|
Japanese
Yen
|
36.05
|
|
|
|