Exchange rates for imported goods - 22/93 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 22/93-Cus. (N.T.) Dated 2-3-1993 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. 19/93-Customs (N.T.), [S.O. No. 127 (E)] dated the 26th February, 1993, the Central Government hereby - (a) prescribes for the purposes 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 the Schedule below into Indian currency or vice versa shall, with effect from the 3rd day of March, 1993, be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE Sl. No. Foreign Currency Rate of Exchange of Foreign currency equivalent to Rs. 100 (1) (2) (3) 1. Austrian Schillings 35.5100 2. Australian Dollars 4.3600 3. Belgian Francs 104.5000 4. Canadian Dollars 3.8400 5. Danish Kroners 19.5100 6. Deutsche Marks 5.0900 7. Dutch Guilders 5.7250 8. French Francs 17.2650 9. Hong Kong Dollars 23.7800 10. Italian Lire 4824.0000 11. Japanese Yen 364.6000 12. Malaysian Dollars 8.0900 13. Norwegian Kroners 21.6300 14. Pound Sterling 2.1395 15. Swedish Kroners 23.9500 16. Swiss Francs 4.7275 17. U.S. Dollars 3.0750 18. Singapore Dollars 5.0550