Exchange rates for imported goods - 03/94 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 3/94-Cus. (N.T.) Dated 28-1-1994 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. 65/93-Customs (N.T.) [S.O. No. 1044 (E)], dated the 28th December, 1993, 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 February, 1994, 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 2.59 2. Australian Dollar 22.31 3. Canadian Dollar 23.94 4. Danish Kroner 4.70 5. Deutsche Mark 18.25 6. Dutch Guilder 16.29 7. French Franc 5.37 8. Hong Kong Dollar 4.08 9. Malaysian Dollar 11.47 10. Norwegian Kroner 4.24 11. Pound Sterling 47.54 12. Swedish Kroner 4.00 13. Swiss Franc 21.59 14. U.S. Dollar 31.55 15. Singapore Dollar 19.80 SCHEDULE II Sl. No. Foreign currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees (1) (2) (3) 1. Belgium Francs 88.50 2. Italian Lire 1.87 3. Japanese Yen 29.01