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    <title>The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 today;</title>
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    <description>The Ordinance terminates Reserve Bank and Central Government liabilities for demonetised Specified Bank Notes after the exchange period while permitting limited late deposits by persons who were abroad during the exchange window, subject to foreign exchange limits and customs declaration requirements; it also prescribes fines for false declarations and for holding, transferring or receiving such notes after the prescribed period.</description>
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