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Notification no. 08/2000, Dated 25 Jan 2000

This notification fixes the rate of exchange for imported goods for the month of February, 2000

 

25th January, 2000

 

Notification NO. 8/2000-Customs (N.T.)

 

            In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamps 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. 67/99-NT-Customs, [S.O.1303(E)] dated the 28th December, 1999 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 purpose 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 1st February, 2000 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 Schilling3.20
2.Australian Dollar28.80
3.Canadian Dollar30.35
4.Danish Kroner5.95
5.Deutsche Mark22.50
6.Dutch Guilder20.00
7.EURO44.05
8.French Francs6.70
9.Hong Kong Dollar5.65
10.Norwegian Kroner5.45
11.Pound Sterling72.20
12.Swedish Kroner5.15
13.Swiss Franc27.30
14.Singapore Dollar26.00
15.US Dollar43.80

SCHEDULE-II

S. No.Foreign CurrencyRate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.Belgain France109.20
2.Italian Lira2.27
3.Japanese Yen41.75

(S.K.SINHA)
DIRECTOR (CUSTOMS)

F.No.468/2/2000-Cus.V

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