Currency denomination restriction removal allows foreign-going vessels to carry Indian currency notes of any denomination for onboard disbursements. The Board withdraws the earlier denomination restriction on Indian currency carried by merchant ships for onboard disbursements, following revised Reserve Bank guidelines that do not prescribe any restriction on denomination carried by an Indian traveller or ship captain; carriage and disbursement remain subject to the usual conditions prescribed by the Reserve Bank.
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Currency denomination restriction removal allows foreign-going vessels to carry Indian currency notes of any denomination for onboard disbursements.
The Board withdraws the earlier denomination restriction on Indian currency carried by merchant ships for onboard disbursements, following revised Reserve Bank guidelines that do not prescribe any restriction on denomination carried by an Indian traveller or ship captain; carriage and disbursement remain subject to the usual conditions prescribed by the Reserve Bank.
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