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25th January, 2001
Notification No. 2/2001-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.77/2000-NT-Customs, [S.O.1142(E)] dated the
22
nd
December, 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 1
st
February, 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 3.17
2.Australian Dollar 25.85
3.Canadian Dollar 30.85
4.Danish Kroner 5.85
5.Deutsche Mark 22.30
6.Dutch Guilder 19.80
7.EURO 43.65
8.French Francs 6.65
9.Hong Kong Dollar 5.95
10.Norwegian Kroner 5.30
11.Pound Sterling 68.40
12.Swedish Kroner 4.90
13.Swiss Franc 28.45
14.Singapore Dollar 26.75
15.US Dollar 46.60
Schedule-II
S.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.Belgian Francs 108.20
2.Italian Lira 2.25
3.Japanese Yen 39.90
Rajendra Singh
Under Secretary to the Government of India
F.No.468/1/2001-Cus.V
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