NOTIFICATION NO. 44/2000-Cus(NT)
Exchange rate-imported goods and stamp duty-revised super-session of Notification No. 37/2000-Cus (NT)
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) sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in super-session of the Notification of the
Government of India in the Ministry of Finance (Department of Revenue) No. 37/2000-NT-Customs, [S.O.518(E)] dated the 26
th
May, 2000 the Central Government hereby:-
1. prescribes for the purpose of calculating stamp duty under the Indian Stamp Act, 1899 (2 of 1899)
2. determines for the purposes of section 14 of the Customs Act, 1962 (52 that the rate of exchange of conversion of each
of the foreign currency 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, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.
Schedule-I
Sl.NoForeign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
(1) (2) (3)
1.Austrian Schilling3.05
2.Australian Dollar26.65
3.Canadian Dollar30.30
4.Danish Kroner5.65
5.Deutsche Mark21.55
6.Dutch Guilder19.10
7.EURO 42.10
8.French Francs6.40
9.Hong Kong Dollar5.75
10.Norwegian Kroner5.15
11.Pound Sterlling67.50
12.Swedish Kroner5.10
13.Swiss Franc 27.10
14.Singapore Dollar25.90
15.US Dollar 44.90
Schedule-II
Sl.No Foreign Currency
Rate of exchange of one unit of foreign
currency equivalent to Indian rupees
(1) (2) (3)
1. Belgian Francs 104.40
2. Italian Lira 2.17
3. Japenese Yen 43.00
Notification No. 44/2000-Cus (N.T.), dated 27-6-2000