Rates of exchange - 17/88 - Customs - Non Tariff

Rates of exchange Notification No. 17/88-Cus. (N.T.) Dated 28-3-1988 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. 381-Customs, [S.O. 1125(E)], dated the 28th December, 1987, 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 April, 1988, 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 89.25 (2) Australian Dollars 10.335 (3) Belgium Francs 266.50 (4) Canadian Dollars 9.475 (5) Danish Kroners 48.75 (6) Deutsche Marks 12.725 (7) Dutch Guilders 14.295 (8) French Francs 43.25 (9) Hong Kong Dollars 59.55 (10) Italian Lire 9430 (11) Japanese Yen 949 (12) Malaysian Dollars 19.525 (13) Norwegian Kroners 47.90 (14) Pound Sterling 4.1450 (15) Swedish Kroners 45.00 (16) Swiss Francs 10.520 (17) U.S.A. Dollars 7.630 (18) Singapore Dollars 15.325