Exchange Rates - 38/90 - Customs - Non Tariff

Exchange Rates Notification No. 38/90-Cus. (N.T.) Dated 27-6-1990 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. 9/90-Non-Tariff-Customs, (S.O. 260(E)), dated the 27th March, 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 July, 1990, 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 67.00 2. Australian Dollars 7.2575 3. Belgian Francs 196.50 4. Canadian Dollars 6.6975 5. Danish Kroners 36.46 6. Deutsche Marks 9.5825 7. Dutch Guilders 10.7800 8. French Francs 32.17 9. Hong Kong Dollars 44.40 10. Italian Lire 7017 11. Japanese Yen 885.00 12. Malaysian Dollars 15.4650 13. Norwegian Kroners 36.81 14. Pound Sterling 3.2980 15. Swedish Kroners 34.65 16. Swiss Francs 8.0550 17. U.S.A. Dollars 5.7050 18. Singapore Dollars 10.5125