Legal tender exemption for specified bank notes allows limited transactions and mandatory record-keeping during transitional period. The Central Government provided a temporary legal tender exemption for the specified bank notes, permitting their use for narrowly defined transactions-payments at Government hospitals and pharmacies with prescription, ticket purchases at railway, government bus and airline counters, authorised consumer cooperative stores and milk booths, fuel stations of public sector oil companies, crematoria and burial grounds, and limited exchanges by international passengers and foreign tourists-and required all such establishments to maintain complete accounts and records of stock and sales of transactions effected with the specified bank notes during the transitional period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Legal tender exemption for specified bank notes allows limited transactions and mandatory record-keeping during transitional period.
The Central Government provided a temporary legal tender exemption for the specified bank notes, permitting their use for narrowly defined transactions-payments at Government hospitals and pharmacies with prescription, ticket purchases at railway, government bus and airline counters, authorised consumer cooperative stores and milk booths, fuel stations of public sector oil companies, crematoria and burial grounds, and limited exchanges by international passengers and foreign tourists-and required all such establishments to maintain complete accounts and records of stock and sales of transactions effected with the specified bank notes during the transitional period.
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