Wait...

Online Export Import Data Search

Complete Training Video : Click Here

Sharing details of paper import for Rs 500, 2000 notes to affect India's sovereignty.


Date: 15-05-2017
Subject: Sharing details of paper import for Rs 500, 2000 notes to affect India's sovereignty
​NEW DELHI: Sharing particulars about import of paper for printing of Rs 500 and Rs 2,000 notes would affect India's sovereignty and may lead to incitement of an offence, a RBI-owned bank note printing company has said. 

Replying to an RTI query, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) declined to share any details related to import of paper for printing of the high- denomination notes. 

The refusal of information assumes importance as a media report has alleged that the paper for printing the newly introduced currency papers was imported from a blacklisted firm. 

"The information cannot be furnished since it falls under the ambit of Section 8(1)(a) of the Right to Information Act," the BRBNMPL said in reply to the RTI application filed by a PTI correspondent. 

The Section bars disclosure of information "which would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific or economic interests of the State, relation with foreign State or lead to incitement of an offence". 

The RBI was asked to provide name of company or supplier from which import of currency paper was done along with details of quantity of import and copy of memorandum of understanding or agreement signed by it in this regard. 

The BRBNMPL is a wholly-owned subsidiary of the Reserve Bank of India engaged in production of currency notes. It is also the nodal entity for procurement of currency papers 


The company manages two presses -- Mysore (Karnataka) and Salboni (West Bengal). The present capacity for both the presses is 16 billion note pieces per year on a two-shift basis, as per the firm's profile. 

The corporate mission of the company is to produce bank notes conforming to international standards set by central banking and monetary authorities of the world and makes them available in adequate quantities to the RBI at competitive prices, the profile reads. 

Prime Minister Narendra Modi had on November 8, last year, announced demonetisation of old Rs 500 and Rs 1,000 notes in an attempt to check black money. 

New currency notes of Rs 500 and Rs 2,000, with new designs and foolproof security measures, have been introduced by the RBI after the announcement. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 20-02-2018
DGFT Notification No. 51/2015-2020
Amendment in the Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017.

Date: 19-02-2018
Notification No. 14/2018-Customs (N.T.)
Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic Partnership Agreement between the Republic of India and Japan) Amendment Rules, 2018

Date: 16-02-2018
Public Notice No. 62/2015-2020
Directtives for processing of applicatin for MEIS claims under Foreign Trade Policy 2015-20

Date: 16-02-2018
Public Notice No. 61/2015-2020
Inclusion of Seaports located at Dhamra Port and Dighi Port under Para 4.37 of Hand Book of Procedures 2015-20.

Date: 15-02-2018
Public Notice No. 60/2015-2020
Amendments/Corrections in Table 2 of Appendix 3B Foreign Trade Policy 2015-20

Date: 15-02-2018
Notification No. 13/2018-Customs (N.T.)
Exchange Rates Notification No.11/2018-Custom(NT) dated 1.2.2018

Date: 15-02-2018
Notification No. 12/2018-Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.

Date: 12-02-2018
Notification No. 26/2018-Customs
seeks to further amend the notification No. 50/2017- Customs, dated the 30th June 2017 so as to reduce the Basic Customs Duty on motorcycles falling under tariff heading 8711.

Date: 06-02-2018
Notification No. 25/2018-Customs
Seeks to increase BCD tariff rate on Chana (Chickpeas), [Tariff item 0713 20 0] from 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975 and accordingly, the effective rate of BCD on Chana (Chickpeas), will also be 40%.

Date: 06-02-2018
Notification No. 24/2018-Customs
Seeks to increase import duty on all types of sugar under tariff head 1701, [Raw sugar, Refined or White sugar, Raw sugar if imported by bulk consumer] from the present 50% to 100% (Tariff rate) with immediate effect and without an end date.



Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001