Exchange rate notification fixes official currency conversion rates for customs and stamp duty, effective from 1 January 1994. Prescribes official exchange rates for conversion between specified foreign currencies and the Indian rupee for purposes of stamp duty under the Indian Stamp Act, 1899 and for section 14 of the Customs Act, 1962 relating to imported goods, superseding the prior notification, and declaring the rates in the appended Schedules I and II as the operative rates for conversion into Indian currency or vice versa from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate notification fixes official currency conversion rates for customs and stamp duty, effective from 1 January 1994.
Prescribes official exchange rates for conversion between specified foreign currencies and the Indian rupee for purposes of stamp duty under the Indian Stamp Act, 1899 and for section 14 of the Customs Act, 1962 relating to imported goods, superseding the prior notification, and declaring the rates in the appended Schedules I and II as the operative rates for conversion into Indian currency or vice versa from the stated commencement date.
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