Exchange Rates for Imported Goods - 59/92 - Customs - Non Tariff

Exchange Rates for Imported Goods Notification No. 59/92-Cus. (N.T.) Dated 28-8-1992 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. 54/92-Customs (N.T.), [S.O. 567(E)], dated the 28th July, 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 September, 1992, be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE S. No. Foreign Currency Rate of Exchange of Foreign currency Equivalent to Rs. 100/- 1. 2. 3. 1. Austrian Schillings 32.4500 2. Australian Dollars 4.5950 3. Belgian Francs 95.8500 4. Canadian Dollars 3.9225 5. Danish Kroners 18.0050 6. Deutsche Marks 4.6500 7. Dutch Guilders 5.2450 8. French Francs 15.8500 9. Hong Kong Dollars 25.4600 10. Italian Lire 3555.0000 11. Japanese Yen 411.5000 12. Malaysian Dollars 8.2100 13. Norwegian Kroners 18.4200 14. Pound Sterling 1.6650 15. Swedish Kroners 17.0075 16. Swiss Francs 4.1675 17. U.S. Dollars 3.2950 18. Singapore Dollars 5.2725