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of <h1>New Notification Sets Exchange Rates for Foreign Currencies Under Indian Stamp and Customs Acts Effective December 1, 2001.</h1> The Central Government of India issued Notification No. 58/2001-NT-Customs on November 26, 2001, under the Indian Stamp Act, 1899, and the Customs Act, 1962, replacing a previous notification. Effective December 1, 2001, it sets the exchange rates for converting specified foreign currencies into Indian Rupees for calculating stamp duty and customs purposes. Schedule I lists rates for individual units of currencies like the US Dollar (48.30 INR), Euro (42.55 INR), and others. Schedule II provides rates for 100 units of currencies like Japanese Yen (39.05 INR) and Italian Lira (2.20 INR).
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