Exchange rates - 512/86 - Customs -Tariff

Exchange rates Notification No. 512/86-Cus. Dated 29-12-1986 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 notifications of the Government of India in the Ministry of Finance (Department of Revenue) No. 435-Customs (G.S.R 1112 (E), dated the 26th September, 1986 and No. 44/85-Stamps (S.O. 4) dated the 17th December, 1985, the Central Government hereby - (a) prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 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 1st day of January, 1987, be the rate mentioned against it in the corresponding entry in column (3) thereof, THE SCHEDULE Sl. No Foreign Currency Rate of exchange foreign currency equivalent to Rs. 100/- (1) (2) (3) 1. Austrian Schillings 104.2 2. Australian Dollars 11.475 3. Belgium Francs 308.50 4. Canadian Dollars 10.440 5. Danish Kroners 56.20 6. Deutsche Marks 14.855 7. Dutch Guilders 16.775 8. French Francs 48.90 9. Hon Kong Dollars 59.15 10. Italian Lire 10277 11. Japanese Yen 1217 12. Malaysian Dollars 19.690 13. Norweigian Kroners 56.65 14. Pound Sterling 5.2030 15. Swedish Kroners 48.80 16. Swiss Francs 12.445 17. U.S.A. Dollars 7.585 18. Singapore Dollars 16.580