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of <h1>New Notification Sets Exchange Rates for Stamp Duty and Customs Valuation Under Section 14, Effective May 1, 2002</h1> Notification No. 22/2002-Customs (N.T.), dated April 24, 2002, issued by the Central Government, supersedes Notification No. 20/2002-Cus. (N.T.). It prescribes exchange rates for calculating stamp duty under the Indian Stamp Act, 1899, and for determining values under Section 14 of the Customs Act, 1962, for imported goods. Effective from May 1, 2002, the notification lists exchange rates for various foreign currencies against the Indian Rupee, including the Australian Dollar at 26.60, US Dollar at 49.10, and Japanese Yen at 37.85, among others. The notification is signed by the Director (ICD).
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