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26
th
June, 2001
Notification No. 31/2001-Customs(N.T.)
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 supercession of the Notification of
the Government of India in the Ministry of Finance (Department of Revenue) No.24/2001-NT-Customs, [S.O.469(E)] dated the
28
th
May, 2001 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 1
st
July, 2001 be the rate mentioned against it in
the corresponding entry in column (3) thereof.
Schedule-I
S.No.Foreign CurrencyRate of Exchange of One Unit of Foreign Currency Equivalent to Indian Rupees
(1) (2) (3)
1.Austrian Schilling 2.95
2.Australian Dollar 24.45
3.Canadian Dollar 31.00
4.Danish Kroner 5.45
5.Deutsche Mark 20.75
6.Dutch Guilder 18.45
7.EURO 40.65
8.French Francs 6.20
9.Hong Kong Dollar 6.05
10.Norwegian Kroner 5.15
11.Pound Sterling 66.80
12.Swedish Kroner 4.45
13.Swiss Franc 26.70
14.Singapore Dollar 25.95
15.US Dollar 47.15
Schedule-II
S.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.Belgian Francs 100.75
2.Italian Lira 2.10
3.Japanese Yen 38.00
Rimjhim Prasad
Under Secretary to the Government of India
F.No.468/8/2001-Cus.V
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