[20. Conversion of amount expressed in foreign currency.–– When an instrument is chargeable with ad valorem duty in respect of any money expressed in any currency other than that of [India,] such duty shall be calculated on the value of such money in the currency of [India] according to the rate of exchange prevailing in India on the day of the date of the instrument [x x x].
Section 20: Conversion of amount expressed in foreign currencies.
The Stamp Act, 1977 (1920 A. D.)Union territory Act of Jammu and Kashmir · Act 40 of 1977
Where this provision sits
| Act | The Stamp Act, 1977 (1920 A. D.) |
|---|---|
| Section | 20 |
| Marginal note | Conversion of amount expressed in foreign currencies. |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- inserted. . Section 20 inserted by Act VII of Svt. 1994.
- substituted. . Substituted by A.L.O. 2008 for “British India”.
- omitted, Act II of 1899. . Words “under a Notification of the Governor-General in Council issued under subsection (2) of section 20 of Act II of 1899” omitted by Act XII of 2011, s. 14.
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