Rates of exchange - 147/87 - Customs -Tariff

Rates of exchange Notification No. 147/87-Cus. Dated 27-3-1987 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. 512-Customs [S.O. 963(E)] dated the 29th December, 1986, 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 April, 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 99.10 2. Australian Dollars 11.165 3. Belgium France 290.50 4. Canadian Dollars 10.130 5. Danish Kroners 53.10 6. Deutsche Marks 14.125 7. Dutch Guilders 15.950 8. French Francs 47.00 9. Hong Kong Dollars 60.35 10. Italian Lire 10053 11. Japanese Yen 1154 12. Malaysian Dollars 19.510 13. Norweigian Kroners 53.25 14. Pound Sterling 4.8260 15. Swedish Kroners 49.25 16. Swiss Francs 11.795 17. U.S.A. Dollars 7.745 18. Singapore Dollars 16.420