Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Ordinance on cessation of liabilities of old notes

Posted on 03 January 2017,    
 1524    Share  Report

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 30th 
December, 2016

S.O. 4251(E). - In exercise of the powers conferred by clause (b) of sub-section (1) of section 2, read with clause (i) of sub-section (1) of section 4, of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 (Ord. 10 of 2016), the Central Government hereby specifies, in respect of a citizen of India, referred to in clause (i) of sub-section (1) of section 4 of the said Ordinance,-

(a) who is a resident in India, the period ending on the 31st day of March, 2017; and

(b) who is not resident in India, the period ending on the 30th day of June, 2017, as the grace period for the purposes of the said Ordinance:

Provided that the amount of specified bank notes tendered does not exceed the amount specified under regulation 3 or regulation 8 of the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 [Notification No. FEMA 6 (R)/RB-2015, dated the 29th December, 2015] made under the provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and the conditions specified therein are complied with.

[F. No. 10/03/2016-Cy. I]
Dr. SAURABH GARG,
Jt. Secy.

PFA the attachment enclosed herewith

Tags :


Attached File : 40_15822_attachment.zip

Comments


img

Trending Tags