SC Slams Akola Cops For Dereliction, Orders Formation of SIT With Hindu and Muslim Officers || Delhi HC Rules Employed Wife Deserves Maintenance Matching Marital Standard of Living || Delhi HC Restrains Unauthorized Use of Abhishek Bachchan’s Name, Image, & Voice || J&K&L HC: Custody Can't Favor Either Parent Solely Based On Gender; Constitution Forbids Bias || Kerala HC Rejects Anticipatory Bail to IT Firm Owner in Sexual Harassment Case Citing Probe Anomalies || SC Criticizes Punjab National Bank for Settling With Borrower Post-Auction of Secured Property || Delhi HC: GST Officials Need Lawyer’s Consent or Presence to Access Their Computer Devices || Kerala HC Paves Way for Global Ayyappa Sangamam, Directs Steps to Uphold Sabarimala's Sanctity || Delhi HC: No Certification for Films That Mock Religions or Incite Hate in a Secular Society || Bombay HC: Missing a Few Hearings Isn't Enough to Dismiss a Case for Non-Prosecution

INR spend limit at duty free shops raised- (Ministry of Finance ) (06 Jul 2016)

MANU/CUCR/0031/2016

Customs

The Ministry of Finance raised the ceiling for payments at duty free shops at international airports from Rs. 5000 to Rs. 25,000.

In 2005, the Ministry had set the ceiling for payments at duty free shops at international airports in India at Rs. 5000, given that the amount of currency that could be imported an exported by travellers itself was restricted.

With the RBI having raised the same to Rs. 25,000 in 2015, a corresponding increase in permissible spend in INR at duty free shops was warranted.

Relevant : Notification No. 12/2012-Central Excise MANU/EXCT/0023/2012

Tags : DUTY FREE SHOPS PAYMENTS INDIAN RUPEE

Share :