Exchange rates - 40/89 - Customs - Non Tariff

Exchange rates Notification No. 40/89-Cus. (N.T.) Dated 27-6-1989 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. 15/89-NON-TARIFF-CUSTOMS, [S.O. 229(E)], dated the 27th March, 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 July, 1989, 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 82.60 2. Australian Dollars 7.8375 3. Belgian Francs 246.00 4. Canadian Dollars 7.2075 5. Danish Kroners 45.95 6. Deutsche Marks 11.7700 7. Dutch Guilders 13.2600 8. French Francs 39.96 9. Hong Kong Dollars 47.00 10. Italian Lire 8523 11. Japanese Yen 843.50 12. Malaysian Dollars 16.2800 13. Norwegian Kroners 42.85 14. Pound Sterling 3.8945 15. Swedish Kroners 39.91 16. Swiss Francs 10.1000 17. U.S.A. Dollars 6.0325 18. Singapore Dollars 11.7675