Exchange rates for Imported goods - 20/92 - Customs - Non Tariff

Exchange rates for Imported goods Notification No. 20/92-Cus. (N.T.) Dated 3-3-1992 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. 17/92-Customs (N.T.), [S.O. 156 (E)] dated the 26th February, 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 4th day of March, 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 39.0839 2. Australian Dollars 4.5229 3. Belgian Francs 115.3948 4. Canadian Dollars 4.0211 5. Danish Kroners 21.8233 6. Deutsche Marks 5.6283 7. Dutch Guilders 6.3379 8. French Francs 19.1440 9. Hong Kong Dollars 26.3861 10. Italian Lire 4226.0000 11. Japanese Yen 440.8000 12. Malaysian Dollars 8.8138 13. Norwegian Kroners 22.0709 14. Pound Sterling 1.9555 15. Swedish Kroners 20.4085 16. Swiss Francs 5.1110 17. U.S. Dollars 3.4000 18. Singapore Dollars 5.5929