Exchange rate determination: prescribed foreign currency conversion rates for stamp duty and customs effective April 1989. The Central Government prescribes conversion rates of specified foreign currencies into Indian currency, effective 1 April 1989, for (a) calculating stamp duty under the Indian Stamp Act and (b) determining values for the purposes of the Customs Act, superseding the prior notification; the Schedule sets the equivalent of each listed foreign currency to Rs.100 for use in relevant statutory calculations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: prescribed foreign currency conversion rates for stamp duty and customs effective April 1989.
The Central Government prescribes conversion rates of specified foreign currencies into Indian currency, effective 1 April 1989, for (a) calculating stamp duty under the Indian Stamp Act and (b) determining values for the purposes of the Customs Act, superseding the prior notification; the Schedule sets the equivalent of each listed foreign currency to Rs.100 for use in relevant statutory calculations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
