Exchange rates for imported goods - 19/93 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 19/93-Cus. (N.T.) Dated 26-2-1993 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. 9/93-Customs (N.T.), [S.O. No. 83(E)] dated the 29th January, 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 1st day of March, 1993, be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE SI. No. Foreign Currency Rate of Exchange of Foreign Currency equivalent to Rs. 100 (1) (2) (3) 1. Austrian Schillings 34.3900 2. Australian Dollars 4.3575 3. Belgian Francs 101.0000 4. Canadian Dollars 3.8050 5. Danish Kroners 18.8900 6. Deutsche Marks 4.9125 7. Dutch Guilders 5.5300 8. French Francs 16.6725 9. Hong Kong Dollars 23.4200 10. Italian Lire 4778.0000 11. Japanese Yen 354.2000 12. Malaysian Dollars 7.9575 13. Norwegian Kroners 20.9400 14. Pound Sterling 2.0930 15. Swedish Kroners 23.4100 16. Swiss Francs 4.5325 17. U.S. Dollars 3.0300 18. Singapore Dollars 4.9675