Exchange rate determination: notified currency conversion rates for calculating stamp duty and customs valuation, superseding prior notification. The Central Government prescribes a rate of exchange for specified foreign currencies, effective 1 January 1991, to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962. The notification supersedes the earlier Non Tariff Customs notification and includes a Schedule listing each foreign currency and the figure equivalent to Rs.100 to be applied for those statutory purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: notified currency conversion rates for calculating stamp duty and customs valuation, superseding prior notification.
The Central Government prescribes a rate of exchange for specified foreign currencies, effective 1 January 1991, to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962. The notification supersedes the earlier Non Tariff Customs notification and includes a Schedule listing each foreign currency and the figure equivalent to Rs.100 to be applied for those statutory purposes.
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