Exchange rates for imported goods - Notification No. 94/98-Cus. (N.T.) superseded - 101/98 - Customs - Non Tariff

Exchange rates for imported goods - Notification No. 94/98-Cus. (N.T.) superseded Notification No. 101/98-Cus. (N.T.) Dated 30-12-1998 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- sectionÿ(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. 94/98-NT-Customs, [S.O. 1007 (E)], dated the 26th November, 1998 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 January, 1999 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 3.65 2. Australian Dollar 26.20 3. Canadian Dollar 27.60 4. Danish Kroner 6.70 5. Deutsche Mark 25.50 6. Dutch Guilder 22.65 7. French Franc 7.60 8. Hong Kong Dollar 5.50 9. Norwegian Kroner 5.55 10. Pound Sterling 71.75 11. Swedish Kroner 5.30 12. Swiss Franc 31.40 13. U.S. Dollar 42.75 14. Singapore Dollar 25.80 SCHEDULE - II Sl. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees 1. Belgian Francs 124.15 2. Italian Lira 2.60 3. Japanese Yen 37.00