SC: DRT Auction Sale Valid Despite Failure to Serve Order XXI Rule 22 Notice || SC: Legal Representatives Entitled to Motor Accident Compensation without Financial Dependency || SC: Re-Employed Officers May be Classified Differently from Regular Officers || Supreme Court Questions Union's Opposition to Global Food Package Labelling Norms || SC: S.42 NDPS Act Compliance Need Not be Absolute When Immediate Seizure is Required || SC Clarifies Whether Tenancy Ends after Landlord-Tenant Execute Agreement to Sell || SC Levies Rs. 10 Lakh Cost on Reliance Industries for Hindering 20-Year-Old NTPC Suit || P&H HC: Authorities Obligated to Act if Protests Escalate into Violence || Allahabad HC: Allottee Aware of Reduced Lease Area Not Entitled to Full Zero-Period Benefit || Delhi HC: 2015 Commercial Courts Act Applicable to Suits Instituted Before its Enactment

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 :