SC: Subsidy Taxability Depends on its Purpose under The Income Tax Law || MP HC:Revenue Authority’s Decision Can’t Operate as Res Judicata in Absence of Express Statutory Bar || SC: Breakup Followed by Suicide does not Automatically Amount to Abetment to Suicide || SC: Election Petition under Representation of the People Act Must be Filed Personally by Petitioner || Patna HC: Template Arrest Memo cannot Satisfy Mandate under Article 22 of Constitution || MP HC: Delayed Cruelty FIR not Counterblast When Wife “Remains Silent” to Save her Married Life || MP HC:Revenue Authority’s Decision Can’t Operate as Res Judicata in Absence of Express Statutory Bar || Patna HC: Signature Mismatch alone cannot Prove OMR Tampering || J&K&L HC: Bail can be Set Aside if Contrary to Statutory Mandate || Kerala HC: Headmistress’s Churidar cannot Bar Entry, Clothing Choice is A Fundamental Right

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 :