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of <h1>Central Government Updates Exchange Rates for Stamp Duty and Imported Goods under Customs and Stamp Acts</h1> The Central Government has amended Notification No. 17/94-N.T.-Customs, prescribing exchange rates for calculating stamp duty under the Indian Stamp Act, 1899, and determining exchange rates for imported goods under the Customs Act, 1962. Effective from June 1, 1994, the exchange rates for various foreign currencies against the Indian rupee are specified in two schedules. Schedule I lists rates for individual units of currencies like the U.S. Dollar and Pound Sterling, while Schedule II provides rates for 100 units of currencies such as Belgian Francs and Japanese Yen.
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