Exchange rate determination prescribed for calculating stamp duty and customs on imported goods, effective from February first. The Central Government prescribes exchange rates for specified foreign currencies to be used in converting foreign currency into Indian rupees for calculating stamp duty under the Indian Stamp Act and for the purposes of section 14 of the Customs Act insofar as they relate to imported goods; the prescribed rates are set out in Schedule I and Schedule II and are effective from the first day of February, 1996, superseding the earlier notification.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination prescribed for calculating stamp duty and customs on imported goods, effective from February first.
The Central Government prescribes exchange rates for specified foreign currencies to be used in converting foreign currency into Indian rupees for calculating stamp duty under the Indian Stamp Act and for the purposes of section 14 of the Customs Act insofar as they relate to imported goods; the prescribed rates are set out in Schedule I and Schedule II and are effective from the first day of February, 1996, superseding the earlier notification.
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