Exchange rates - Supersedes Notification No. 61/90-Cus. (N.T.) - 80/90 - Customs - Non Tariff

Exchange rates - Supersedes Notification No. 61/90-Cus. (N.T.) Notification No. 80/90-Cus. (N.T.) Dated 27-12-1990 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. 61/90-Non-Tariff-Customs, [S.O. 748(E)], dated the 28th September, 1990 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 January, 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 58.9500 2. Australian Dollars 7.0625 3. Belgian Francs 171.0000 4. Canadian Dollars 6.3475 5. Danish Kroners 32.3200 6. Deutsche Marks 8.4225 7. Dutch Guilders 9.5000 8. French Francs 28.5900 9. Hong Kong Dollars 42.7000 10. Italian Lire 6329.0000 11. Japanese Yen 745.0000 12. Malaysian Dollars 14.8725 13. Norwegian Kroners 32.8200 14. Pound Sterling 2.9250 15. Swedish Kroners 31.3000 16. Swiss Francs 7.1725 17. U.S.A. Dollars 5.4750 18. Singapore Dollars 9.5750