Pls let me know if there is any restriction in paying excise/customs duty by cash in excess of Rs.50,000/- per day as State Bank of India is reluctant to accept the same.
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Duty Payments in Cash
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cash transaction in bank in excess to 50000 is subject to PAN submission and Cash Transaction Charges, its not related to customs or govt departments, u can make a Bankers Cheque and submit the same with challan for payment to bank counter, they will accept gladly.
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