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of <h1>New Notification Sets Currency Exchange Rates for Customs and Stamp Duty Calculations Effective June 1, 1998</h1> Notification No. 28/98-Cus. (N.T.), dated May 28, 1998, issued by the Central Government under the Indian Stamp Act, 1899, and the Customs Act, 1962, supersedes Notification No. 22/98-Cus. (N.T.). It prescribes exchange rates for converting foreign currencies into Indian rupees for calculating stamp duty and customs duty on imported goods, effective June 1, 1998. Schedule I lists exchange rates per unit for currencies such as the U.S. Dollar (41.50 INR) and Pound Sterling (68.00 INR), while Schedule II provides rates per 100 units for currencies like Belgian Francs (113.30 INR) and Japanese Yen (30.40 INR).
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