J&K&L HC Quashes 65-Year-Old's Detention, says Cattle Smuggling isn't Public Disorder || Karnataka HC Bars Denial of MV Inspector Posts over Experience with Non-Existent HGV/HPV Vehicles || P&H HC: Lengthy Incarceration alone is No Substantial Change for Repeat Bail Plea || Meghalaya HC Flags Amicus' Non-Appearance amid Lawyers' Strike, Stresses Loyalty to Justice || MP HC: Arms Act doesn't allow Sports Firearm Licence Conversion to Self-Defence Category || Delhi HC: Public Funding of LTC, CGHS Benefits doesn't Mandate Personal Disclosure under RTI || Delhi HC: Fake Caste Certificate alone cannot Justify Removing Advocate from State Rolls || Delhi HC Refuses to Stop Sale of 47 Law Books in Family Copyright Dispute || Supreme Court: S. 394 IPC Conviction Requires Proof of Robbery or Attempted Robbery || Supreme Court Questions MP HC's Cryptic Reduction of Murder Conviction as 'Shocking'

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 :