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Customs - Notifications (Non-Tariff)26.12.2001

Exchange Rates for imported goods - Superseds Notification No.58/2001-Cus (NT).

Document Text

Exchange rates for imported goods — Notification No. 58/2001-Cus. (N.T.) superseded Notification No. 63/2001-Cus. (NT) dated 26-12-2001 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. 58/2001-NT-Customs, [S.O. 1169 (E)], dated the 26th November, 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 1st January, 2002 be the rate mentioned against it in the corresponding entry in column (3) thereof. SCHEDULE - I S. No. Foreign Currency Rate of exchange of one unit of foreign currency equivalent to Indian rupees (1) 1. 2. 3. (2) Austrian Schilling Australian Dollar Canadian Dollar 4. Danish Kroner 5. Deutsche Mark 6. Dutch Guilder 7. 8. EURO French Francs (3) 3.10 24.50 30.35 5.75 21.85 19.40 42.75 6.50 (1) (2) 9. Hong Kong Dollar 10. Norwegian Kroner 11. Pound Sterling 12. Swedish Kroner 13. Swiss Franc 14. Singapore Dollar 15. US Dollar (3) 6.15 5.35 69.35 4.50 29.15 26.20 48.10 SCHEDULE - II S. No. Foreign Currency Rate of exchange of 100 units of foreign currency equivalent to Indian rupees 1. 2. 3. Belgian Francs Italian Lira Japanese Yen 106.00 2.20 37.15 [Notification No. 63/2001-Cus. (N.T.), dated 26-12-2001] Basic: 58/2001-Cus. (NT) dated 26-11-2001 Superseded by 7/2002-Cus. (NT) dated 28-01-2002

Source: Government of India — Customs - Notifications (Non-Tariff), dated 26.12.2001. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.

HS Codes Referenced

11691899196220012002

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