Exchange rate fixation establishes official conversion rates for import valuation and stamp duty calculations, effective next month. Prescribes official conversion rates of listed foreign currencies into Indian rupees for purposes of calculating stamp duty under the Indian Stamp Act and for import valuation under section 14 of the Customs Act, effective 1st June 2000, superseding the earlier notification; rates are set out in two schedules (per unit rates in Schedule I and per 100 units in Schedule II).
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Exchange rate fixation establishes official conversion rates for import valuation and stamp duty calculations, effective next month.
Prescribes official conversion rates of listed foreign currencies into Indian rupees for purposes of calculating stamp duty under the Indian Stamp Act and for import valuation under section 14 of the Customs Act, effective 1st June 2000, superseding the earlier notification; rates are set out in two schedules (per unit rates in Schedule I and per 100 units in Schedule II).
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