Exchange Rates - Supersedes Notification No. 329/87-Cus. - 381/87 - Customs -Tariff

Exchange Rates - Supersedes Notification No. 329/87-Cus. Notification No. 381/87-Cus. Dated 28-12-1987 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. 329-Customs S.O. 865 (E), dated the 28th September, 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 January, 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 86.50 (2) Australian Dollars 10.775 (3) Belgium Francs 264.00 (4) Canadian Dollars 10.115 (5) Danish Kroners 47.65 (6) Deutsche Marks 12.365 (7) Dutch Guilders 13.925 (8) French Francs 41.90 (9) Hong Kong Dollars 60.30 (10) Italian Lire 9273 (11) Japanese Yen 958 (12) Malaysian Dollars 19.280 (13) Norwegian Kroners 48.55 (14) Pound Sterling 4.1710 (15) Swedish Kroner 45.20 (16) Swiss Francs 10.010 (17) U.S.A. Dollars 7.760 (18) Singapore Dollars 15.440