Exchange rates for imported goods - 70/92 - Customs - Non Tariff

Exchange rates for imported goods Notification No. 70/92-Cus. (N.T.) Dated 28-10-1992 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. 63/92-Customs (N.T.), [S.O. No. 720 (E)] dated the 25th September, 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 November, 1992, 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 35.5200 2. Australian Dollars 4.6800 3. Belgian Francs 103.5000 4. Canadian Dollars 4.0800 5. Danish Kroners 19.4175 6. Deutsche Marks 5.0450 7. Dutch Guilders 5.6825 8. French Francs 17.1275 9. Hong Kong Dollars 25.5400 10. Italian Lire 4369.0000 11. Japanese Yen 403.0000 12. Malaysian Dollars 8.2800 13. Norwegian Kroners 20.5900 14. Pound Sterling 2.0960 15. Swedish Kroners 19.0300 16. Swiss Francs 4.4875 17. U.S. Dollars 3.3050 18. Singapore Dollars 5.3325