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of <h1>Central Government Revises Exchange Rates for Import Duties Under Customs Act 1962 and Indian Stamp Act 1899</h1> The Central Government has amended Notification No. 73/97-Cus. (N.T.) concerning exchange rates for imported goods under the Customs Act, 1962 and the Indian Stamp Act, 1899. Effective from January 14, 1998, the revised exchange rates are as follows: one Canadian Dollar is set at 27.90 Indian Rupees, one Hong Kong Dollar at 5.16 Indian Rupees, and one U.S. Dollar at 40.00 Indian Rupees. These changes are reflected in Schedule-I of the original notification dated December 26, 1997, issued by the Ministry of Finance, Department of Revenue.
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