https://www.taxtmi.com/circulars?id=55612 An Ordinance rendered certain high denomination bank notes non legal tender and created penal liabilities while allowing a limited grace period for tendering by residents and non residents subject to Foreign Exchange import restrictions. Arriving passengers carrying such notes must complete a prescribed declaration form, have Customs strictly count and stamp the form, and submit it to specified Reserve Bank offices for deposit; Customs are to retain records, facilitate the process at entry points and coordinate publicity and staffing. en-us Sat, 31 Dec 2016 00:00:00 +0530 Mon, 02 Jan 2017 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55612 An Ordinance rendered certain high denomination bank notes non legal tender and created penal liabilities while allowing a limited grace period for tendering by residents and non residents subject to Foreign Exchange import restrictions. Arriving passengers carrying such notes must complete a prescribed declaration form, have Customs strictly count and stamp the form, and submit it to specified Reserve Bank offices for deposit; Customs are to retain records, facilitate the process at entry points and coordinate publicity and staffing. Circulars Customs Sat, 31 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55612