Exchange Rates — Supersedes Notification No. 28/91-Cus. (N.T.) - 44/1991 - Customs - Non Tariff

Exchange Rates — Supersedes Notification No. 28/91-Cus. (N.T.) [Notification No. 44/91-Cus. (N.T.), dated 27-6-1991] 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. 28/91-Non-Tariff-Customs, S.O. 226 (E), dated the 27th March, 1991 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, 1991, be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE S. No. FOREIGN CURRENCY RATE OF EXCHANGE OF FOREIGN CURRENCY EQUIVALENT TO RS. 100/- (1) (2) (3) 1. Austrian Schillings 59.2000 2. Australian Dollars 6.1475 3. Belgian Francs 174.0000 4. Canadian Dollars 5.3875 5. Danish Kroners 32.7200 6. Deutsche Marks 8.4725 7. Dutch Guilders 9.5450 8. French Francs 28.7600 9. Hong Kong Dollars 36.5400 10. Italian Lire 6305.0000 11. Japanese Yen 653.0000 12. Malayasian Dollars 13.1325 13. Norwegian Kroners 33.0600 14. Pound Sterling 2.8995 15. Swedish Kroners 30.6500 16. Swiss Francs 7.3250 17. U.S.A. Dollars 4.7200 18. Singapore Dollars 8.3425 [Notification No. 44/91-Cus. (N.T.), dated 27-6-1991]