Exchange Rates for Imported Goods - 25/92 - Customs - Non Tariff

Exchange Rates for Imported Goods Notification No. 25/92-Cus. (N.T.) Dated 27-3-1992 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. 22/92-Customs (N.T.), [S.O. 188 (E)] dated the 6th March, 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 April, 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 37.0400 2. Australian Dollars 4.1450 3. Belgian Francs 108.0000 4. Canadian Dollars 3.7725 5. Danish Kroners 20.4000 6. Deutsche Marks 5.2525 7. Dutch Guilders 5.9175 8. French Francs 17.8275 9. Hong Kong Dollars 24.6100 10. Italian Lire 3962.0000 11. Japanese Yen 424.0000 12. Malaysian Dollars 8.2150 13. Norwegian Kroners 20.6500 14. Pound Sterling 1.8375 15. Swedish Kroners 19.0750 16. Swiss Francs 4.7725 17. U.S. Dollars 3.1800 18. Singapore Dollars 5.2625