Exchange rates for imported goods — Amendment to Notification No. 38/2001-Cus. (N.T.) - 044/01 - Customs - Non Tariff

Exchange rates for imported goods — Amendment to Notification No. 38/2001-Cus. (N.T.) 25 th September, 2001 Notification N0. 44/2001-Customs (N.T.) 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 Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.38/2001-NT-Customs, [S.O.830(E)] dated the 28 th August, 2001 the Central Government hereby:- (a) prescribes for the purpose 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) in so far as these relate to imported goods . that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1 st October, 2001 be the rate mentioned against it in the corresponding entry in column (3) thereof. Schedule - I S.No. Foreign Currency Rate of Exchange of One Unit of Foreign Currency Equivalent to Indian Rupees (1) (2) (3) 1. Austrian Schilling 3.20 2. Australian Dollar 23.55 3. Canadian Dollar 30.70 4. Danish Kroner 5.95 5. Deutsche Mark 22.55 6. Dutch Guilder 20.05 7. EURO 44.15 8. French Francs 6.75 9. Hong Kong Dollar 6.20 10. Norwegian Kroner 5.60 11. Pound Sterling 70.20 12. Swedish Kroner 4.45 13. Swiss Franc 30.55 14. Singapore Dollar 27.50 15. US Dollar 48.25 Schedule - II S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees 1. Belgian Francs 109.45 2. Italian Lira 2.30 3. Japanese Yen 41.40 Rimjhim Prasad Under Secretary to the Government of India F.No.468/12/2001-Cus.V