Specified Bank Notes deposit permitted for eligible passengers under limited grace periods with Customs-verified declaration form. An Ordinance provided limited grace periods for tendering Specified Bank Notes (Rs.500 and Rs.1000) after cessation of legal tender: residents until March 31, 2017 and non-residents until June 30, 2017. The facility is subject to foreign exchange limits of Rs.25,000 per person and excludes arrivals from Nepal and Bhutan. Eligible persons (residents who were abroad and non-resident Indians absent Nov 9-Dec 30, 2016) must complete a Customs arrival declaration; Customs will count, verify, stamp the form, which will facilitate deposit with the central bank.
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.
Specified Bank Notes deposit permitted for eligible passengers under limited grace periods with Customs-verified declaration form.
An Ordinance provided limited grace periods for tendering Specified Bank Notes (Rs.500 and Rs.1000) after cessation of legal tender: residents until March 31, 2017 and non-residents until June 30, 2017. The facility is subject to foreign exchange limits of Rs.25,000 per person and excludes arrivals from Nepal and Bhutan. Eligible persons (residents who were abroad and non-resident Indians absent Nov 9-Dec 30, 2016) must complete a Customs arrival declaration; Customs will count, verify, stamp the form, which will facilitate deposit with the central bank.
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