Exchange Rates - 07/92 - Customs - Non Tariff

Exchange Rates Notification No. 7/92-Cus. (N.T.) Dated 28-1-1992 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. 83/91-Customs (N.T.), S.O. 920(E), dated the 27th December, 1991, 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), 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, 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 43.2500 2. Australian Dollars 5.1900 3. Belgian Francs 127.0000 4. Canadian Dollars 4.5100 5. Danish Kroners 23.9600 6. Deutsche Marks 6.1775 7. Dutch Guilders 6.9575 8, French Francs 21.0600 9. Hong Kong Dollars 29.8300 10. Italian Lue 4644.0000 11. Japanese Yen 479.5000 12 Malaysian Dollars 10.1950 13. Norwegian Kroners 24.2600 14. Pound Sterling 2.1565 15. Swedish Kroners 22.4600 16. Swiss Francs 5.4825 17. U.S. Dollars 3.8450 18. Singapore Dollars 6.2950