Exchange rates - 45/88 - Customs - Non Tariff

Exchange rates Notification No. 45/88-Cus. (N.T.) Dated 27-6-1988 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. 17 - Customs S.O. 319 (E), dated the 28th March, 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 July 1988, 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 90.20 (2) Australian Dollars 8.655 (3) Belgian Francs 269.50 (4) Canadian Dollars 8.535 (5) Danish Kroners 48.90 (6) Deutsche Marks 12.880 (7) Dutch Guilders 14.510 (8) French Francs 43.30 (9) Hong Kong Dollars 55.15 (10) Italian Lire 9530 (11) Japanese Yen 926 (12) Malaysian Dollars 18.405 (13) Norwegian Kroners 46.50 (14) Pound Sterling 4.1190 (15) Swedish Kroners 44.35 (16) Swiss Francs 10.665 (17) U.S.A. Dollars 7.075 (18) Singapore Dollars 14.430