Exchange rates for imported goods — Notification No. 20/2002-Cus. (N.T.) superseded - 022/02 - Customs - Non Tariff

Exchange rates for imported goods — Notification No. 20/2002-Cus. (N.T.) superseded 24 th April, 2002 Notification No.22/2002-Customs (N.T.) In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2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.20/2002-NT-Customs, [S.O.329(E)] dated the 22 nd March, 2002 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 May, 2002 be the rate mentioned against it in the corresponding entry in column (3) thereof. Schedule - I S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian Rupees (1) (2) (3) 1. Australian Dollar 26.60 2. Canadian Dollar 31.30 3. Danish Kroner 5.90 4. EURO 43.70 5. Hong Kong Dollar 6.30 6. Norwegian Kroner 5.75 7. Pound Sterling 71.30 8. Swedish Kroner 4.75 9. Swiss Franc 29.75 10. Singapore Dollar 27.05 11. US Dollar 49.10 Schedule - II S.No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian Rupees 1. Japanese Yen 37.85 Sd/- S K Sinha Director (ICD) F.No.468/11/2002-Cus.V