Exchange rates for imported goods - Notification No. 56/99-Cus. (N.T.) superseded - 60/99 - Customs - Non Tariff

Exchange rates for imported goods - Notification No. 56/99-Cus. (N.T.) superseded Notification No. 60/99-Cus. (N.T.) Dated 26-10-1999 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 40 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. 56/99-NT-Customs, [S.O. 785 (E)], dated the 27th September, 1999 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 November, 1999 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 3.40 2. Australian Dollar 28.30 3. Canadian Dollar 29.50 4. Danish Kroner 6.30 5. Deutsche Mark 23.85 6. Dutch Guilder 21.15 7. EURO 46.65 8. French Francs 7.10 9. Hong Kong Dollar 5.60 10. Norwegian Kroner 5.65 11. Pound Sterling 72.35 12. Swedish Kroner 5.40 13. Swiss Franc 29.15 14. Singapore Dollar 26.20 15. US Dollar 43.60 SCHEDULE - II S. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees 1. Belgian Francs 115.65 2. Italian Lira 2.40 3. Japanese Yen 41.35