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of <h1>Indian Government Updates Currency Exchange Rates for Stamp Duty and Customs Under Notification No. 56/99-Cus. (N.T.)</h1> The Central Government of India issued Notification No. 56/99-Cus. (N.T.) on September 27, 1999, under the Indian Stamp Act, 1899, and the Customs Act, 1962. This notification supersedes the previous Notification No. 48/99-Cus. (N.T.) dated August 26, 1999. It prescribes the exchange rates for converting specified foreign currencies into Indian Rupees for calculating stamp duty and customs purposes. Effective from October 1, 1999, the notification lists exchange rates for various currencies, including the US Dollar at 43.75 INR, the Euro at 46.00 INR, and the Pound Sterling at 72.00 INR, among others.
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