Exchange rates for imported goods - 02/97 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 2/97-Cus. (N.T.) Dated 28-1-1997 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 the 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. 61/96-NT-Customs, [S.O. 898(E)], dated the 26th December, 1996, 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 column (2) of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st day of February, 1997 be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE I Sl. No. Foreign currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees. (1) (2) (3) 1. Austrian Schilling 3.16 2. Australian Dollar 27.92 3. Canadian Dollar 26.83 4. Danish Kroner 5.79 5. Deutsche Mark 22.07 6. Dutch Guilder 19.66 7. French Franc 6.55 8. Hong Kong Dollar 4.66 9. Malaysian Ringitt 14.49 10. Norwegian Kroner 5.53 11. Pound Sterling 58.76 12. Swedish Kroner 5.00 13. Swiss Franc 25.55 14. U.S. Dollar 36.07 15. Singapore Dollar 25.62 SCHEDULE II Sl. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees. (1) (2) (3) 1. Belgian Francs 107.19 2. Italian Lira 2.27 3. Japanese Yen 30.31