NOTIFICATION NO. 47/2000-NT-CUSTOMS

S.O. 697(E) – 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 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.44/2000-NT-Customs, [S.O.601(E)] dated the 27th June, 2000 the Central Government hereby:-

(a) prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899)

(b) determines for the purposes of section 14 of the Customs Act, 1962 (52 of 1962) in so far as these relate to imported goods.

that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice-versa shall, with effect from the 1st August, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.

SCHEDULE-I

 
S.NO. FOREIGN CURRENCY RATE OF EXCHANGE OF ONE UNIT OF FOREIGN CURRNCY EQUIVALENT TO INDIAN RUPEES
(1)
(2)
(3)
1.
 Austrian Schilling
3.05
2.
 Australian Dollar
26.35
3.
 Canadian Dollar
30.75
4.
 Danish Kroner
5.65
5.
 Deutsche Mark
21.50
6.
 Dutch Guilder
19.10
7.
 EURO
42.10
8.
 French Francs
6.40
9.
 Hong Kong Dollar
5.80
10.
 Norwegian Kroner
5.15
11.
 Pound Sterling
68.25
12.
 Swedish Kroner
5.00
13.
 Swiss Franc
27.05
14.
 Singapore Dollar
25.85
15.
 US Dollar
45.05
SCHEDULE-II
 
S.No. Foreign Currency
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.
 Belgian Francs
104.35
2.
 Italian Lira
2.17
3.
 Japanese Yen
41.45
(RAJENDRA SINGH)

UNDER SECRETARY TO THE GOVT. OF INDIA

F.No.468/12/2000-Cus.V