Tag: demonetisation

Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport holders)

Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport holders) Reserve Bank of India RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention …

Declaration form for NRIs to deposit Old Notes on arrival in India at Airport, Land Custom Stations for affixing stamp and submission to RBI

Declaration form for NRIs to deposit Old Notes SBNs on arrival in India at Airport, Land Custom Stations from 31.03.2017 to 30.06.2017 for affixing stamp and submission to RBI Circular No. 60/2016-Customs F.No.520/09/2016-CusVI Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs …

Exchange of old notes-SBNs during Grace Period for resident and non-resident citizens who could not avail facility till 30-12-2016 due to absence from India

Exchange of old notes-SBNs during Grace Period for resident and non-resident citizens who could not avail facility till 30-12-2016 due to absence from India Reserve bank of India Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details RBI/2016-17/205 DCM …

Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)

Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)  Ministry of Finance Dated: 31/12/2016 Press Release The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 …

Demonetisation-Revenue collection belies adverse impact predicted by critics. Assessment can be unreal but revenue is real-Finance Ministry

Demonetisation-Revenue collection belies adverse impact predicted by critics. Assessment can be unreal but revenue is real-Finance Ministry Ministry of Finance Dated: 29/12/2016 Press Release Statement made by the Union Finance Minister Shri Arun Jaitley on Remonetisation and its impact. Following is the transcription of the Statement made by …

Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier

Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier Ministry of Finance Dated: 19-12-2016 Press release Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016 The deposits …