Exchange rate determination for imported goods: prescribed rates govern stamp duty calculation and customs valuation under notification. Central Government prescribes exchange rates for converting specified foreign currencies into Indian rupees for calculation of stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 relating to imported goods, superseding Notification No. 33/97-Cus. (N.T.). The rates are set out in Schedule I (per one unit) and Schedule II (per one hundred units) and apply with effect from 1st September 1997.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for imported goods: prescribed rates govern stamp duty calculation and customs valuation under notification.
Central Government prescribes exchange rates for converting specified foreign currencies into Indian rupees for calculation of stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 relating to imported goods, superseding Notification No. 33/97-Cus. (N.T.). The rates are set out in Schedule I (per one unit) and Schedule II (per one hundred units) and apply with effect from 1st September 1997.
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