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This notification fixes the rate of exchange for imported goods for the month of May, 2000
25
TH
April, 2000
Notification No.24/2000-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 supersession of the Notification of
the Government of India in the Ministry of Finance (Department of Revenue) No.22/2000-NT-Customs, [S.O.286(E)] dated the
28
th
March, 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 of 1962) in so far as these relate to imported
goods.
That the rate of exchange of conversation 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
May, 2000 be the rate mentioned
against it in the corresponding entry in column (3) thereof.
SCHEDULE-I
(1)
S.NO.
FOREIGN
CURRENCY
RATE OF EXCHANGE OF ONE UNIT OF FOREIGN CURRNCY EQUIVALENT TO INDIAN
RUPEES
(2) (3)
1.Austrian Schilling 3.00
2.Australian Dollar 26.05
3.Canadian Dollar 29.80
4.Danish Kroner 5.50
5.Deutsche Mark 21.10
6.Dutch Guilder 18.70
7.EURO 41.25
8.French Francs 6.30
9.Hong Kong Dollar 5.65
10.Norwegian Kroner 5.05
11.Pound Sterling 69.15
12.Swedish Kroner 5.00
13.Swiss Franc 26.20
14.Singapore Dollar 25.80
15.US Dollar 43.85
SCHEDULE-II
S. NO. Foreign Currency
Rate of exchange of 100 units of foreign currency
equivalent to Indian rupees
1. Belgian Francs 102.30
2. Italian Lira 2.15
3. Japanese Yen 41.45
(RAJENDRA SINGH)
UNDER SECRETARY TO THE GOVT. OF INDIA
F.No.468/7/2000-Cus.V
notifications no 24 2000 customs n t | iKargos