Issue of Indian Currency Note – Foreign going vessels

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Full Text of the Document

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....vited to CBEC circular 51/99-Cus. dated 12.08.1999, wherein, it was decided to permit the merchant ship to carry Indian Currency Notes of up to ₹ 100/- denomination for disbursement of wages etc. on board of foreign going vessels. In the light of revised RBI guidelines, CBEC, vide its circular no. 7/2016 Customs dated 07.03.2016, has decided to withdraw the restriction on denomination of In....