Bare ActsThe STAMP ACT, 1977 (1920 A. D.)

Section 20

Conversion of amount expressed in foreign currencies.

Amendment status not verified — confirm the current text below against the official source.

1 [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 2 [India,] such duty shall be calculated on the value of such money in the currency of 2 [India] according to the rate of exchange prevailing in India on the day of the date of the instrument 3 [x x x].

Section 20 – The STAMP ACT, 1977 (1920 A. D.) | DailyLaw.ai