Exchange rates - 28/91 - Customs - Non Tariff

Exchange rates Notification No. 28/91-Cus. (N.T.) Dated 27-3-1991 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. 80/90-Non-Tariff-Customs, S.0.962 (E), dated the 27th December, 1990 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 April, 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 59.6000 2. Australian Dollars 6.6200 3. Belgian Francs 176.0000 4. Canadian Dollars 5.9225 5. Danish Kroners 32.8700 6. Deutsche Marks 8.6100 7. Dutch Guilders 9.7100 8. French Francs 29.2200 9. Hong Kong Dollars 39.6600 10. Italian Lire 6384.0000 11. Japanese Yen 707.5000 12. Malayasian Dollars 14.0475 13. Norwegian Kroners 33.4800 14. Pound Sterling 2.9210 15. Swedish Kroners 31.1500 16. Swiss Francs 7.3250 17. U.S.A. Dollars 5.0950 18. Singapore Dollars 9.0675