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Customs Notifications(NT)-24 & 25 
Customs Exchange rates for Import/Export Goods with effect from the 1st June, 2001

CUSTOMS NOTIFICATION No. 24/2001-N.T. Dated 28th May,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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.17/2001-N.T.-Customs, [S.O.353 (E)] dated the 25th April, 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 June, 2001 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

2.95

2.

Australian Dollar

24.55

3.

Canadian Dollar

30.55

4.

Danish Kroner

5.45

5.

Deutsche Mark

20.75

6.

Dutch Guilder

18.40

7.

EURO

40.55

8.

French Francs

6.20

9.

Hong Kong Dollar

6.05

10.

Norwegian Kroner

5.10

11.

Pound Sterling

66.50

12.

Swedish Kroner

4.50

13.

Swiss Franc

26.60

14.

Singapore Dollar

26.15

15.

U.S. Dollar

47.20

                                                                                                                                                                           

SCHEDULE - II

S. NO.

FOREIGN CURRENCY

RATE OF EXCHANGE OF 100 UNITS OF FOREIGN CURRENCY EQUIVALENT TO INDIAN RUPEES

 

 

(1)

          (2)

                        (3)

 

 

1.

Belgian  Francs

100.50

2.

Italian Lira

2.10

3.

Japanese Yen

39.35

 

 

Sd/-
(N.K.Sinha) 
Under Secretary to the Govt. of India

CUSTOMS NOTIFICATION No. 25/2001-N.T.  Dated 28th May, 2001

In exercise of the powers conferred by sub clause (i) of clause (a) of sub-section (3) of section 14 of the 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.18/2001-N.T.-Customs, [S.O.354 (E)] dated the 25th April, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to Export 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 June, 2001 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

2.90

2.

Australian Dollar

24.30

3.

Canadian Dollar

30.30

4.

Danish Kroner

5.40

5.

Deutsche Mark

20.50

6.

Dutch Guilder

18.20

7.

EURO

40.10

8.

French Francs

6.10

9.

Hong Kong Dollar

6.00

10.

Norwegian Kroner

5.05

11.

Pound Sterling

65.95

12.

Swedish Kroner

4.45

13.

Swiss Franc

26.35

14.

Singapore Dollar

25.95

15.

U.S. Dollar

46.80

                                                                                                                                                                            

SCHEDULE - II

S. NO.

FOREIGN CURRENCY

RATE OF EXCHANGE OF 100 UNITS OF FOREIGN CURRENCY EQUIVALENT TO INDIAN RUPEES

 

 

(1)

          (2)

                        (3)

 

 

1.

Belgian Francs

99.40

2.

Italian Lira

2.05

3.

Japanese Yen

39.00

Sd/- 
(N.K.Sinha)
Under Secretary to the Govt. of India

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