Sale of goods at Duty Free Shops in Indian Currency
X X X X Extracts X X X X
X X X X Extracts X X X X
....ian Currency -reg. C.B.E.C Circular No. 31/2016 Customs dated 06.07.2016 has been issued in respect of Sale of goods at Duty Free Shops in Indian Currency. 2, It may be noted that RBI has vide Notification no. FEMA 6 (R) / RB - 2015 dated 29th December 2015 permitted export from and import into India of Indian currency up to an amount not exceeding Rs. 25,000/- (Rupees twenty five thousand) ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....regulation of the RBI, passengers shall be permitted to purchase goods at duty free shops in Indian rupees up to an amount not exceeding Rs. 25,000/ 4. Representations have also been received from travelers that duty free shops neither display prices in Indian Rupees nor display India made goods at duty free shops, which depreciates the visibility of Indian manufactured products and Indian curr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....agreeable to implementing the above measures. 5 Accordingly, Principal Commissioners / Commissioners of Customs may advise the Duty Free Shop operators of the revised permitted limits for purchase of goods in Indian currency at Duty Free shops. Information relating to the use of Indian currency at duty free shops should be displayed at all DFSs. It may be ensured that DFSs display the rate of e....
TaxTMI