Exchange rates for imported goods - 31/94 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 31/94-Cus. (N.T.) Dated 27-6-1994 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. 23/94-N.T.-Customs [S.O. 394 (E)], dated the 27th May, 1994, 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 July, 1994, 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 2.80 2. Australian Dollar 23.16 3. Canadian Dollar 22.72 4. Danish Kroner 5.02 5. Deutsche Mark 19.78 6. Dutch Guilder 17.65 7. French Franc 5.78 8. Hong Kong Dollar 4.08 9. Malaysian Dollar 12.20 10. Norwegian Kroner 4.55 11. Pound Sterling 48.78 12. Swedish Kroner 4.12 13. Swiss Franc 23.51 14. U.S. Dollar 31.55 15. Singapore Dollar 20.67 SCHEDULE II S. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees (1) (2) (3) 1. Belgian Francs 96.04 2. Italian Lire 2.01 3. Japanese Yen 31.22