| Date: |
03-10-2000
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| Notification No: |
Customs Circular No 81/2000
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Necessary action regarding Indian Rs. 500 Notes not allowed in Nepal - Nepalese Gazette Notification prohibiting the possession of Indian currency notes of Rs. 500 denomination in Nepal
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Necessary action regarding Indian Rs. 500 Notes not allowed in Nepal -
Nepalese Gazette Notification prohibiting the possession of Indian currency
notes of Rs. 500 denomination in Nepal
Circular No. 81 dated 3rd October
2000
His Majesty's Government of Nepal has issued a
Gazette Notification on June 26, 2000, making the possession of Rs. 500 -
denomination Indian currency notes in Nepal an offence under Section 5 of
Foreign Exchange (Regulation) Act, 2019 (BS) (1962). According to clause (a) of
the said Notification, Indian currency notes of Rs. 500 - denomination are not
permitted anywhere in the Kingdom of Nepal, since these are non-exchangeable.
The said Notification, accordingly, prohibits the currency notes of this
denomination to be either taken out or brought inside Nepal. Further, the 500 -
rupee notes in possession of the defaulters are liable to be seized and a
sentence of up to three years' imprisonment could be awarded.
2. To ensure that
Indian nationals visiting Nepal are not inconvenienced for currying such notes
inadvertently/ unknowingly, it is requested that necessary action may be
urgently taken to give wide publicity to the aforesaid restrictions and contents
of the said Nepalese Gazette Notification prohibiting the possession of Indian
currency notes of Rs. 500 - denomination in Nepal.
3. You are requested
to prominently display notices at the Airports and Land Customs Stations
highlighting this fact and advising all travellers to Nepal regarding this new
provision of Nepalese law.
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