Exchange rate determination for imported goods set effective February, prescribing rates for customs and stamp duty conversion. The Central Government, under powers conferred by the Indian Stamp Act and the Customs Act, prescribes specific exchange rates for conversion between listed foreign currencies and Indian rupees for calculating stamp duty and for section 14 purposes in respect of imported goods, effective 1 February 1999, and attaches Schedule I (per unit rates for specified currencies) and Schedule II (rate for 100 units of Japanese Yen), superseding the earlier notification.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for imported goods set effective February, prescribing rates for customs and stamp duty conversion.
The Central Government, under powers conferred by the Indian Stamp Act and the Customs Act, prescribes specific exchange rates for conversion between listed foreign currencies and Indian rupees for calculating stamp duty and for section 14 purposes in respect of imported goods, effective 1 February 1999, and attaches Schedule I (per unit rates for specified currencies) and Schedule II (rate for 100 units of Japanese Yen), superseding the earlier notification.
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