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].
1. Section 20 inserted by Act VII of Svt. 1994. 2. Substituted by A.L.O. 2008 for “British India”. 3. 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.