Exchange rates for imported goods - Amendment to Notification No. 20/96-Cus. (N.T.) - 23/96 - Customs - Non Tariff

Exchange rates for imported goods - Amendment to Notification No. 20/96-Cus. (N.T.) Notification No. 23/96-Cus. (N.T.) Dated 24-4-1996 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. 20/96-N.T.-Customs [S.O. 246 (E)], dated the 25th March, 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) insofar 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 May, 1996 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 3.23 2. Australian Dollar 27.14 3. Canadian Dollar 25.22 4. Danish Kroner 5.88 5. Deutsche Mark 22.65 6. Dutch Guilder 20.25 7. French Franc 6.69 8. Hong Kong Dollar 4.44 9. Malaysian Dollar 13.78 10. Norwegian Kroner 5.27 11. Pound Sterling 51.95 12. Swedish Kroner 5.12 13. Swiss Franc 27.96 14. U.S. Dollar 34.35 15. Singapore Dollar 24.39 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 110.45 (1) (2) (3) 2. Italian Lira 2.22 3. Japanese Yen 32.15