Exchange Rate Determination sets currency conversion rates for stamp duty and customs calculations effective from April. Prescribes a schedule of exchange rates for specified foreign currencies to be used in conversion into Indian currency and vice versa with effect from the 1st day of April, 1991 for calculating stamp duty under the Indian Stamp Act, 1899 and for the purposes of section 14 of the Customs Act, 1962; supersedes the earlier non tariff notification dated 27th December, 1990, and fixes the rate of exchange for each listed currency as shown in the Schedule.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination sets currency conversion rates for stamp duty and customs calculations effective from April.
Prescribes a schedule of exchange rates for specified foreign currencies to be used in conversion into Indian currency and vice versa with effect from the 1st day of April, 1991 for calculating stamp duty under the Indian Stamp Act, 1899 and for the purposes of section 14 of the Customs Act, 1962; supersedes the earlier non tariff notification dated 27th December, 1990, and fixes the rate of exchange for each listed currency as shown in the Schedule.
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