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{"id":85261,"date":"2016-11-12T15:30:46","date_gmt":"2016-11-12T10:00:46","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=85261"},"modified":"2016-11-15T16:02:46","modified_gmt":"2016-11-15T10:32:46","slug":"modificationsadditions-in-exemptions-to-demonetisation-notified","status":"publish","type":"post","link":"https:\/\/blog.scconline.gen.in\/post\/2016\/11\/12\/modificationsadditions-in-exemptions-to-demonetisation-notified\/","title":{"rendered":"Modifications\/additions in exemptions to demonetisation, notified"},"content":{"rendered":"\n
Tweet<\/a><\/div>\n

While cancelling the legal tender character of the existing series of high denomination bank notes of Rs. 500 and Rs. 1,000 denominations w.e.f. the expiry of 8th November, 2016, exemptions were allowed for certain transactions for the first 72 hours with a view to minimizing inconvenience to the public.\u00a0 Subsequently, based on feedback received from various quarters, certain more transactions were included for exemption.<\/p>\n

The Government has been closely monitoring the implementation of the decision.\u00a0 Considering various representations received from different quarters in the matter, it has now been decided that the existing exemptions may be extended until the expiry of 14th\u00a0November, 2016, with the following modifications\/additions to the existing exemptions:<\/p>\n

(i) Payment for court fees will be included in the exemptions.<\/p>\n

(ii) The ID proof of customers will be required for transactions in consumer cooperative stores.<\/p>\n

(iii)\u00a0Payments towards utility bills will be restricted to only individuals\/households for arrears and\/or current bills.\u00a0 No advance payments will be allowed.<\/p>\n

(iv)\u00a0Payments in toll-plazas of the State and National Highways will be deleted\u00a0 from exemptions, considering that the Ministry of Road Transport and Highways is separately issuing instructions in this regard.<\/p>\n

There is enough cash with RBI.\u00a0 Supply of cash to Bank branches and ATMs are being stepped up gradually.<\/p>\n

Ministry of Finance<\/p>\n","protected":false},"excerpt":{"rendered":"

While cancelling the legal tender character of the existing series of high denomination bank notes of Rs. 500 and Rs. 1,000 denominations <\/p>\n","protected":false},"author":91,"featured_media":64571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-85261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"\nModifications\/additions in exemptions to demonetisation, notified | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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