Exchange rates for imported goods - 09/93 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 9/93-Cus. (N.T.) Dated 29-1-1993 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. 78/92-Customs (N.T.), [S.O. No. 931(E)] dated the 28th December, 1992, 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) 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 the Schedule below into Indian currency or vice versa shall, with effect from the 1st day of February, 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 34.9000 2. Australian Dollars 4.6475 3. Belgian Francs 102.5000 4. Canadian Dollars 3.9875 5. Danish Kroners 19.2325 6. Deutsche Marks 4.9800 7. Dutch Guilders 5.6050 8. French Francs 16.8650 9. Hong Kong Dollars 24.3200 10. Italian Lire 4667.0000 11. Japanese Yen 390.4000 12. Malaysian Dollars 8.1875 13. Norwegian Kroners 21.1500 14. Pound Sterling 2.0685 15. Swedish Kroners 22.3500 16. Swiss Francs 4.5950 17. U.S. Dollars 3.1450 18. Singapore Dollars 5.1475