| Date: |
12-08-1999
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| Notification No: |
Customs Circular No 51/1999
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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: |
Instructions regarding issue of Indian Currency Note - Foreign going vessels
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|
Instructions regarding issue of Indian Currency Note - Foreign going
vessels
Circular No. 51 dated 12th August 1999
As you are aware,
Master of Ships or owners/ agents of vessels are permitted to carry on board
Indian currency notes of denomination up to Rs 50/ - for disbursement of wages
to the crew of the ships etc. In this regard, Indian National Ship owners'
Association (INSA) had requested RBI to permit the foreign going vessels to take
on board the Indian Currency notes of higher denomination, for disbursement of
wages etc. on board the Ship as they face difficulty in handling large number of
currency notes of smaller denomination. The request has been considered and it
has been decided to allow Merchant Ship to carry Indian currency notes of Rs.
100/ - denomination also for disbursement of wages etc. on board of foreign
going vessels, subject to the usual conditions prescribed by RBI.
2. You
are requested to bring this to the notice of all officers of Customs by way of
issue of a suitable Public Notice. Any difficulty faced in implementation may
please be brought to the notice of the Board.
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