Exchange rate notification for imported goods - 055/01 - Customs - Non Tariff

Exchange rate notification for imported goods 25 th October, 2001 Notification No. 55/2001 - 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.44/2001-NT-Customs, [S.O.941(E)] dated the 25 th September, 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 November, 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 3.15 2. Australian Dollar 24.65 3. Canadian Dollar 30.60 4. Danish Kroner 5.80 5. Deutsche Mark 22.05 6. Dutch Guilder 19.55 7. EURO 43.15 8. French Francs 6.55 9. Hong Kong Dollar 6.20 10. Norwegian Kroner 5.40 11. Pound Sterling 68.85 12. Swedish Kroner 4.55 13. Swiss Franc 29.10 14. Singapore Dollar 26.45 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 106.90 2. Italian Lira 2.22 3. Japanese Yen 39.40 Rajendra Singh Under Secretary to the Government of India F.No.468/13/2001-Cus.V