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of <h1>New Exchange Rates for Stamp Duty and Customs: Indian Stamp Act & Customs Act Notification Effective April 1, 1987</h1> The Central Government, exercising its powers under the Indian Stamp Act, 1899, and the Customs Act, 1962, has issued a notification superseding a previous one from December 1986. Effective April 1, 1987, it prescribes the rates of exchange for converting specified foreign currencies into Indian currency for calculating stamp duty and customs purposes. The schedule lists exchange rates for various currencies, including Austrian Schillings, Australian Dollars, Belgian Francs, Canadian Dollars, and U.S. Dollars, among others. For instance, 100 Indian Rupees is equivalent to 99.10 Austrian Schillings or 7.745 U.S. Dollars.
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