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of <h1>Government sets new foreign exchange rates for customs valuation and stamp duty calculation effective August 2000</h1> The Central Government issued notification 47/2000-NT-Customs under the Indian Stamp Act 1899 and Customs Act 1962, establishing foreign exchange rates for imported goods effective August 1, 2000. The notification supersedes previous notification 44/2000-NT-Customs dated June 27, 2000. It prescribes conversion rates for calculating stamp duty and customs valuation purposes. Schedule I lists rates for 15 currencies including US Dollar at 45.05 INR, Pound Sterling at 68.25 INR, and Euro at 42.10 INR. Schedule II provides rates for Belgian Francs, Italian Lira, and Japanese Yen per 100 units.
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