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of <h1>Government Sets Exchange Rates for Stamp Duty and Customs Calculations; Effective April 1, 1995, under Indian Stamp Act and Customs Act.</h1> The notification issued by the Central Government on March 29, 1995, prescribes the exchange rates for converting specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899, and for purposes related to imported goods under the Customs Act, 1962. Effective from April 1, 1995, the notification lists exchange rates for various currencies, including the U.S. Dollar at 31.80 INR, Pound Sterling at 50.83 INR, and Japanese Yen at 35.49 INR per 100 units, among others, as detailed in Schedules I and II of the document.
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