Old Notes invalid for petrol-airtickets purchase from 03-12-2016-Notification

Old Notes invalid for petrol-airtickets purchase from 03-12-2016. Earlier exemption was provided for purchase of airline tickets and petrol-Notification

Old Notes invalid for petrol-airtickets purchase

Notification of MoF dated 8th November, 2016 provided certain exemptions for the convenience of the members of public in carrying out certain emergent and urgent transactions using the specified bank notes

Under the (b) exemption was provided at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets;

Under clause (e) of the notification, exemption was given for purchases at consumer cooperative stores operated under authorisation of Central or State Governments;

However , the Govt, has withdrawn the exemption for using SBN at Airport and Petrol Pumps wef 3rd December, 2016

MINISTRY OF FINANCE
(DEPARTMENT OF ECONOMIC AFFAIRS)

NOTIFICATION

New Delhi, the 30th November, 2016

S.O. 3598(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S. O. 3408 (E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, with effect from the 3rd December, 2016, in paragraph 1,—

(i) for clause (b), the following clause shall be substituted, namely:— “(b) at railway ticketing counters and ticket counters of Government or Public Sector Undertaking buses for purchase of tickets;”;

(ii) clause (e) shall be omitted.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG,
Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numbers S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445 (E) dated the 11th November, 2016, S.O. 3447(E) dated the 13th November, 2016, S.O. 3448(E), dated the 14th November, 2016, S.O. 3480(E) dated the 17th November, 2016, S.O. 3489(E) dated the 18th November, 2016, S. O. 3490(E) dated the 20th November and S.O. 3544(E) dated the 24th November, 2016.

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