Tag Archives: currency

High denomination currency notes, existing exemptions extended: Govt.

While cancelling the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations w.e.f. the expiry of the 8th November, 2016, exemptions were allowed for certain transactions for the first 72 hours with … Continue reading

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High denomination currency notes withdrawn: Govt.

With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating … Continue reading

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Withdrawal of Currency Notes in Circulation: Indian Govt.

Withdrawal of Currency Notes in Circulation http://goo.gl/ZKGa0i

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NRIs/Foreigners not allowed to carry Indian currency beyond India: RBI

Carrying of INR 10,000 by Non-residents and Residents : RBI Clarifies http://goo.gl/4SDlAi  

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CBEC clarifies leviability of service tax on foreign remittance

The Central Board of Excise and Customs (CBEC) issued today necessary clarification regarding the leviability of service tax on the remittance of foreign currency in India from overseas. Various concerns have been expressed at different forums in this regard. The … Continue reading

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