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of <h1>Central Board Withdraws Restrictions on Currency Denominations for Indian Travelers and Ship Captains per RBI Guidelines Update.</h1> The circular from the Central Board of Excise and Customs, dated March 7, 2016, addresses the issue of carrying Indian currency on foreign-going vessels. It refers to a previous circular from 1999 that allowed merchant ships to carry Indian currency notes of Rs. 100 denomination for wage disbursement, subject to RBI conditions. The circular notes that the RBI has revised guidelines removing restrictions on currency denominations for Indian travelers or ship captains. Consequently, the Board has decided to withdraw the earlier restriction on currency denominations. Jurisdictional Chief Commissioners are instructed to issue suitable public notices, and any difficulties should be reported to the Board.
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