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25
TH
April, 2001
Notification No. 17 /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.13/2001-NT-Customs, [S.O.278(E)] dated the
27
th
March, 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
May, 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 Schilling3.07
2.Australian Dollar23.85
3.Canadian Dollar30.40
4.Danish Kroner5.65
5.Deutsche Mark 21.60
6.Dutch Guilder 19.20
7.EURO 42.30
8.French Francs 6.45
9.Hong Kong Dollar 6.05
10.Norwegian Kroner 5.20
11.Pound Sterling 67.75
12.Swedish Kroner 4.60
13.Swiss Franc 27.60
14.Singapore Dollar 26.00
15.US Dollar 47.05
SCHEDULE-II
S.No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.Belgian Francs 104.80
2.Italian Lira 2.20
3.Japanese Yen 38.70
(RIMJHIM PRASAD)
UNDER SECRETARY TO THE GOVT. OF INDIA
F.No.468/6/2001-Cus.V
notifications no 17 2001 customs n t | iKargos