Exchange rate determination: official conversion rates prescribed for stamp duty and customs calculations effective in March. Central Government prescribes statutory exchange rates effective 1 March 2002 for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods, superseding the earlier notification. Two schedules are provided: Schedule I lists per unit rupee equivalents for specified foreign currencies (including Australian Dollar, Canadian Dollar, Euro, Pound Sterling, US Dollar, and others); Schedule II specifies the rupee equivalent for 100 units of Japanese Yen. These rates are declared the official conversion rates for the stated purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: official conversion rates prescribed for stamp duty and customs calculations effective in March.
Central Government prescribes statutory exchange rates effective 1 March 2002 for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods, superseding the earlier notification. Two schedules are provided: Schedule I lists per unit rupee equivalents for specified foreign currencies (including Australian Dollar, Canadian Dollar, Euro, Pound Sterling, US Dollar, and others); Schedule II specifies the rupee equivalent for 100 units of Japanese Yen. These rates are declared the official conversion rates for the stated purposes.
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