Exchange rates - 59/91 - Customs - Non Tariff

Exchange rates Notification No. 59/91-Cus. (N.T.) Dated 28-8-1991 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. 55/91-NT-Customs, S.O. 487(E), dated the 29th July, 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 September, 1991 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 47.3000 2. Australian Dollars 4.9025 3. Belgian Francs 138.0000 4. Canadian Dollars 4.3975 5. Danish Kroners 25.9000 6. Deutsche Marks 6.7150 7. Dutch Guilders 7.5625 8. French Francs 22.7900 9. Hong Kong Dollars 29.8600 10. Italian Lire 5009.0000 11. Japanese Yen 526.5000 12. Malaysian Dollars 10.6975 13. Norwegian Kroners 26.2200 14. Pound Sterling 2.2900 15. Swedish Kroners 24.3700 16. Swiss Francs 5.8575 17. U.S. Dollars 3.8475 18. Singapore Dollars 6.6250