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of <h1>Customs Lifts Denomination Limit for Indian Currency on Foreign Vessels; Corrects Circular Reference to 05/2016.</h1> The Commissioner of Customs issued a notice regarding the handling of Indian currency on foreign-going vessels. Initially, a 1999 circular allowed merchant ships to carry Indian currency notes up to Rs. 100 for onboard disbursements. However, following revised guidelines from the Reserve Bank of India, the restriction on currency denomination has been lifted as per a new circular dated March 7, 2016. Additionally, a correction was made to a previous notice, changing its reference number from 04/2016 to 05/2016. This information is directed at steamer agents, stakeholders, and the general public for compliance.
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