Exchange rate determination: official currency conversion rates set for imported goods and stamp duty, effective from May. The Central Government, relying on section 20(2) of the Indian Stamp Act, 1899 and clause (a)(i) of section 14(3) of the Customs Act, 1962, supersedes the prior notification and prescribes that the exchange rates shown in Schedule I (per one unit) and Schedule II (per 100 units) are the official rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs purposes in relation to imported goods, effective as of the date set in the notification.
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Exchange rate determination: official currency conversion rates set for imported goods and stamp duty, effective from May.
The Central Government, relying on section 20(2) of the Indian Stamp Act, 1899 and clause (a)(i) of section 14(3) of the Customs Act, 1962, supersedes the prior notification and prescribes that the exchange rates shown in Schedule I (per one unit) and Schedule II (per 100 units) are the official rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs purposes in relation to imported goods, effective as of the date set in the notification.
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