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of <h1>Central Government sets new foreign currency exchange rates effective July 1, 2000 under Stamp Act and Customs Act</h1> The Central Government issued a notification under the Indian Stamp Act, 1899 and Customs Act, 1962 establishing exchange rates for foreign currencies applicable from July 1, 2000. This notification supersedes an earlier notification from May 2000. The rates apply to calculating stamp duty and determining customs valuations for imported goods. Two schedules list exchange rates for various foreign currencies against Indian rupees, including major currencies like US Dollar (44.90), Euro (42.10), Pound Sterling (67.50), and others. The notification serves as the official reference for currency conversion in customs and stamp duty calculations.
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