This notification fixes the rate of exchange for imported goods for the month of April, 2000
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 subsection (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.12/2000-NT-Customs, [S.0.174(E)] dated the 24th February, 2000 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 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 18th April, 2000 be the rate mentioned against it in the corresponding entry in column (3) thereof.
|S.NO.||FOREIGN CURRENCY||RATE OF EXCHANGE OF ONE UNIT OF FOREIGN CURRENCY EQUIVALENT TO INDIAN RUPEES|
|9.||Hong Kong Dollar||5.65|
|S.No.||Foreign Currency||Rate of exchange of 100 units of foreign currency equivalent to Indian rupees|
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