Exchange rates - Supersedes Notification No. 92/88-Cus. (N.T.) - 15/89 - Customs - Non Tariff

Exchange rates - Supersedes Notification No. 92/88-Cus. (N.T.) Notification No. 15/89-Cus. (N.T.) Dated 27-3-1989 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. 92/88-NON-TARIFF-CUSTOMS, [S.O. 1205 (E)], dated the 27th December, 1988, 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 April, 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 83.95 2. Australian Dollars 7.7550 3. Belgian Francs 251.00 4. Canadian Dollars 7.6250 5. Danish Kroners 46.80 6. Deutsche Marks 12.0025 7. Dutch Guilders 13.5325 8. French Francs 40.55 9. Hong Kong Dollars 49.90 10. Italian Lire 8809 11. Japanese Yen 843.50 12. Malaysian Dollars 17.6125 13. Norwegian Kroners 43.55 14. Pound Sterling 3.7270 15. Swedish Kroners 40.90 16. Swiss Francs 10.4275 17. U.S.A. Dollars 6.4025 18. Singapore Dollars 12.4300