Rates of Exchange - 247/87 - Customs -Tariff

Rates of Exchange Notification No. 247/87-Cus. Dated 26-6-1987 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. 147-Customs [S.O. 243(E)] dated the 27th March, 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 July, 1987, 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 98.70 (2) Australian Dollars 10.770 (3) Belgium Francs 291.5 (4) Canadian Dollars 10.300 (5) Danish Kroners 53.05 (6) Deutsche Marks 14.125 (7) Dutch Guilders 15.875 (8) French Francs 47.15 (9) Hong Kong Dollars 60.45 (10) Italian Lire 10192 (11) Japanese Yen 1125 (12) Malaysian Dollars 19.490 (13) Norwegian Kroners 51.60 (14) Pound Sterling 4.7915 (15) Swedish Kroners 49.15 (16) Swiss Francs 11.710 (17) U.S.A. Dollars 7.745 (18) Singapore Dollars 16.365