| Date: |
07-03-2016
|
| Notification No: |
Customs Circular No. 07/2016
|
| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
F. No. 450/172/2015-CUS-IV |
| Subject: |
Issue of Indian Currency Note-Foreign going Vessel
|
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Circular No. 7/2016-Customs
Dated the 7th March, 2016
Subject: - Issue of Indian Currency Note- Foreign going
vessels-Instructions
Kind reference is invited to Boards
Circular No. 51/99 dated 12.08.1999 on the subject cited above
wherein Board had decided to allow Merchant Ship to carry Indian currency notes
of Rs. 100/-denomination for disbursement of wages etc. on board of foreign
going vessel, subject to the usual conditions prescribed by RBI.
- It has been brought to notice of the Board that revised guidelines
issued by RBI has not prescribed any restriction on denomination of Indian
currency, carried by an Indian traveller or Captain of a Ship. In the light
of the revised RBI guidelines, Board has decided to withdraw the restriction
on denomination of Indian currency imposed vide earlier
Circular No. 51/1999 dated 12.08.1999.
- Suitable Public Notices may be issued by the jurisdictional Chief
Commissioners.
- Difficulty faced in this regard, if any, may be brought to the
notice of the Board.
(Zubair Riaz)
Director (Customs)
F. No. 450/172/2015-CUS-IV
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