Exchange Rates - 83/91 - Customs - Non Tariff

Exchange Rates Notification No. 83/91-Cus. (N.T.) Dated 27-12-1991 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. 77/91-Customs (N.T.), S.O. 803 (E), dated the 27th November, 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 of vice-versa shall, with effect from the 1st day of January, 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 Schilling 40.9000 2. Australian Dollars 5.0450 3. Belgian Francs 120.0000 4. Canadian Dollars 4.4600 5. Danish Kroners 22.5800 6. Deutsche Marks 5.7875 7. Dutch Guilders 6.5900 8. French Francs 19.8975 9. Hong Kong Dollars 29.8600 10. Italian Lire 4387.0000 11. Japanese Yen 486.5000 12. Malaysian Dollars 10.5000 13. Norweign Kroners 22.8500 14. Pound Sterling 2.0375 15. Swedish Kroners 21.1700 16. Swiss Francs 5.1575 17. U.S. Dollars 3.8450 18. Singapore Dollars 6.2500