Currency denomination restriction withdrawn; foreign-going vessels may carry Indian currency of any denomination for crew disbursement. Customs removes the earlier limited-denomination requirement for Indian currency carried for crew wage disbursement on foreign-going vessels; in view of revised Reserve Bank of India guidance that does not impose a denomination restriction for Indian travellers or ship masters, the prior restriction in the earlier CBEC circular is withdrawn and stakeholders should follow the current RBI position reflected in CBEC advisories.
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Provisions expressly mentioned in the judgment/order text.
Currency denomination restriction withdrawn; foreign-going vessels may carry Indian currency of any denomination for crew disbursement.
Customs removes the earlier limited-denomination requirement for Indian currency carried for crew wage disbursement on foreign-going vessels; in view of revised Reserve Bank of India guidance that does not impose a denomination restriction for Indian travellers or ship masters, the prior restriction in the earlier CBEC circular is withdrawn and stakeholders should follow the current RBI position reflected in CBEC advisories.
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