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.
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 November 2010
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.
Recent Topics
- Is GST applicable on services rendered to overseas
- TIMING OF TDS ENRY IN BOOKS OF ACCOUNTS
- GST ITC Eligibility on Services
- Taxability on selling shares in 1 demat account an
- We file income tax return fy 2006-2007 but tds ben
- Order received from Overseas company to deliver ma
- Maintenance of the Register of Member in Case of P
- TDS on gift from real brother into NRO account - s
- Treatment of Branch transfers under GST to differe
- GST department monitoring financial transactions U
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
