Notification No. 63/2001, Dated 26 Dec 2001

26^th December, 2001

Notification No. 63/2001 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.58/2001-NT-Customs, [S.O.1169(E)] dated the 26^th 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 1^st 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)	(2)	(3)
1.	Austrian Schilling	3.10
2.	Australian Dollar	24.50
3.	Canadian Dollar	30.35
4.	Danish Kroner	5.75
5.	Deutsche Mark	21.85
6.	Dutch Guilder	19.40
7.	EURO	42.75
8.	French Francs	6.50
9.	Hong Kong Dollar	6.15
10.	Norwegian Kroner	5.35
11.	Pound Sterling	69.35
12.	Swedish Kroner	4.50
13.	Swiss Franc	29.15
14.	Singapore Dollar	26.20
15.	US Dollar	48.10

Schedule - II

S.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
1.	Belgian Francs	106.00
2.	Italian Lira	2.20
3.	Japanese Yen	37.15

Rimjhim Prasad
Under Secretary to the Government of India

F.No.468/16/2001-Cus.V

Notification No. 63/2001, Dated 26 Dec 2001

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