Exchange Rates - Supersedes Notification No. 44/91-Cus. (N.T.) - 55/91 - Customs - Non Tariff

Exchange Rates - Supersedes Notification No. 44/91-Cus. (N.T.) Notification No. 55/91-Cus. (N.T.) Dated 29-7-1991 In exercise of the powers conferred by sub-section (ii) 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. 44/91-NT-Customs, S.O. 426 (E) dated the 27th June, 1991 the Central Government hereby: - (a) prescribes for the purposes of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899), and (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 August, 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 47.3500 2. Australian Dollars 4.9700 3. Belgian Francs 139.0000 4. Canadian Dollars 4.4400 5. Danish Kroners 26.0700 6. Deutshe Marks 6.7475 7. Dutch Guilders 7.6200 8. French Francs 22.9300 9. Hong Kong Dollars 29.8500 10. Italian Lire 5023.0000 11. Japanese Yen 532.5000 12. Malaysian Dollars 10.7325 13. Norwegian Kroners 26.3200 14. Pound Sterling 2.2960 15. Swedish Kroners 24.4400 16. Swiss Francs 5.8750 17. U.S.A. Dollars 3.8525 18. Singapore Dollars 6.7500