Rates of exchange - 329/87 - Customs -Tariff

Rates of exchange Notification No. 329/87-Cus. Dated 28-9-1987 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. 247-Customs [E.O. 636(E)], dated the 26th June, 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, 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 October 1987, be the rate mentioned against it in the corresponding entry in column (3) thereof : THE SCHEDULE Sl. No. Foreign currency Rate of exchange of foreign currency equivalent to Rs. 100/- (1) (2) (3) (1) Austrian Schillings 97.00 (2) Australian Dollars 10.450 (3) Belgium Francs 286.5 (4) Canadian Dollars 10.005 (5) Danish Kroners 53.15 (6) Deutsche Marks 13.825 (7) Dutch Guilders 15.550 (8) French Francs 46.10 (9) Hong Kong Dollars 59.40 (10) Italian Lire 9969 (11) Japanese Yen 1092 (12) Malaysian Dollars 19.175 (13) Norwegian Kroners 50.60 (14) Pound Sterling 4.6465 (15) Swedish Kroners 48.55 (16) Swiss Francs 11.460 (17) U.S.A. Dollars 7.610 (18) Singapore Dollars 15.895