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Customs Notification No.22/2002 (NT) Dated
24/04/2002
Exchange Rate effective from 1st May, 2002 Relates to Imported Goods
S.O. 460(E) – 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.20/2002-NT-Customs, [S.O.329(E)] dated the 22
nd March, 2002 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 May, 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 CURRNCY EQUIVALENT TO INDIAN RUPEES |
|---|---|---|
| (1) | (2) | (3) |
| 1. | Australian Dollar | 26.60 |
| 2. | Canadian Dollar | 31.30 |
| 3. | Danish Kroner | 5.90 |
| 4. | EURO | 43.70 |
| 5. | Hong Kong Dollar | 6.30 |
| 6. | Norwegian Kroner | 5.75 |
| 7. | Pound Sterling | 71.30 |
| 8. | Swedish Kroner | 4.75 |
| 9. | Swiss Franc | 29.75 |
| 10. | Singapore Dollar | 27.05 |
| 11. | US Dollar | 49.10 |
SCHEDULE-II
| S.No. | Foreign Currency | Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
|---|---|---|
| 1. | Japanese Yen | 37.85 |
F.No.468/11/2002-Cus.V
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Customs Notification No.23/2002 (NT) dt.,
24/04/2002
Exchange Rate effective from 1st May, 2002 Relates to Export Goods
S.O. 461(E) – In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the 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.21/2002-NT-Customs, [S.O.330(E)] dated the 22 nd March, 2002 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 1 st May, 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 CURRNCY EQUIVALENT TO INDIAN RUPEES |
|---|---|---|
| (1) | (2) | (3) |
| 1. | Australian Dollar | 26.35 |
| 2. | Canadian Dollar | 31.00 |
| 3. | Danish Kroner | 5.80 |
| 4. | EURO | 43.25 |
| 5. | Hong Kong Dollar | 6.25 |
| 6. | Norwegian Kroner | 5.70 |
| 7. | Pound Sterling | 70.65 |
| 8. | Swedish Kroner | 4.70 |
| 9. | Swiss Franc | 29.45 |
| 10. | Singapore Dollar | 26.85 |
| 11. | US Dollar | 48.75 |
SCHEDULE-II
| S.No. | Foreign Currency | Rate of exchange of 100 units of foreign currency equivalent to Indian rupees |
|---|---|---|
| 1. | Japanese Yen | 37.50 |
F.No.468/11/2002-Cus.V
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