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Issue of Indian Currency Note-Foreign going Vessel

Circular No. 7/2016-Customs

F.No.450/172/2015-CUS-IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs

Dated the 7^th 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.
2. ï»¿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.
3. ï»¿Suitable Public Notices may be issued by the jurisdictional Chief Commissioners.
4. ï»¿Difficulty faced in this regard, if any, may be brought to the notice of the Board.

(Zubair Riaz)
Director (Customs)

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

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The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .