Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

DEMONETIZATION PERIOD QUERY

rajdip ranpara (proprietor) (141 Points)

11 December 2019

DURING DEMONETIZATION PERIOD OF BANNING 500 AND 1000 OLD NOTES, GOVERNMENT HAS ALLOWED TO ACCEPT OLD 500 NOTES FOR MOBILE PREPAID RECHARGE UPTO 15 TH DECEMBER 2016.

HOW TO GET THAT CIRCULAR OR NOTIFICATION.?????/

PLS GIVE LINK OR CIRCULAR.....

Reply
Follow
Share

4 Replies

Kapadia Pravin (17259 Points)
Replied 12 December 2019

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 24th November, 2016

S.O. 3544(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, in paragraphs 1 and 2, for the words, figures and letters “the 24th November, 2016”, occurring at both places, the words, figures and letters “the 15th December, 2016” shall be substituted.

2. In the said notification, in paragraph 1,—

(i) in clause (c), after the words “Central or State Governments”, the words “up to a limit of Rs. 5000/- at a time” shall be inserted;

(ii) clauses (g) and (h) shall be omitted with effect from 25th November, 2016 (midnight of 24th November, 2016);

(iii) for clause (p), the following clause shall be substituted, namely:— “(p) for making payments towards water, electricity charges;”;

(iv) in clause (r), proviso shall be omitted with effect from 25th November, 2016;

(v) after clause (r), the following clauses shall be inserted, namely :—

“(s) for making payments towards school fees up to a limit of Rs. 2000/- per student in the Central Government, State Government, Municipality or Local Body schools;

(t) for making payments towards fees for the Central Government or the State Government colleges;

(u) for making payments towards pre-paid mobile top-up up to a limit of Rs. 500/- for every top-up;

(v) for making payments at the toll plazas under National Highways Authority of India including concessionaires, with effect from 3rd December 2016:

Provided that, with effect from 25th November, 2016, for the purposes of all clauses of this paragraph, specified bank notes shall mean bank notes of the denominational value of five hundred rupees only.”.

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

Dr. SAURABH GARG, Jt. Secy.

1 Like