Exchange Rates - 76/89 - Customs - Non Tariff

Exchange Rates Notification No. 76/89-Cus. (N.T.) Dated 27-12-1989 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. 59/89-Non-Tariff-Customs [S.O. 764(E)], dated the 27th September, 1989, 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 the January, 1990, be the rate mentioned against it in the corresponding entry in column (3) thereof. THE SCHEDULE S. No. Foreign Currency Rate of exchange of foreign currency equivalent to Rs. 100/- (1) (2) (3) 1. Austrian Schillings 70.75 2. Australian Dollars 7.4250 3. Belgian Francs 209.00 4. Canadian Dollars 6.8050 5. Danish Kroners 38.79 6. Deutsche Marks 9.9800 7. Dutch Guilders 11.2700 8. French Francs 34.11 9. Hong Kong Dollars 45.85 10. Italian Lire 7.502 11. Japanese Yen 836.00 12. Malaysian Dollars 15.8525 13. Norwegian Kroners 38.62 14. Pound Sterling 3.6155 15. Swedish Kroners 36.39 16. Swiss Francs 9.0775 17. U.S.A. Dollars 5.8750 18. Singapore Dollars 11.1375