old Notes of Rs 500 can’t be used for Air tickets ,Petrol,Diesel & gas w.e.f 03.12.2016

By | December 1, 2016
(Last Updated On: December 1, 2016)

As per the following notification of Govt of India dated 30.11.2016 , Specified banknotes of only 500 denomination can not be used w.e.f  03.12.2016 for

(i)at airline ticketing counters at airports for purchase of tickets;

(ii) for purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil and Gas Marketing Companies;


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 30th November, 2016

S.O. 3598(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, with effect from the 3rd December, 2016, in paragraph 1,—

(i) for clause (b), the following clause shall be substituted, namely:—

“(b) at railway ticketing counters and ticket counters of Government or Public Sector Undertaking buses for purchase of tickets;”;

(ii) clause (e) shall be omitted.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numbers S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445 (E) dated the 11th November, 2016, S.O. 3447 (E) dated the 13th November, 2016, S.O. 3448(E) dated the 14th November, 2016. S.O. 3480(E) dated the 17th November, 2016 and S.O. 3489(E) dated the 18th November, 2016 , S.O. 3490(E) dated the 20th November, 2016 and S.O. 3544(E) dated the 24th November, 2016.


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 24th November, 2016

S.O. 3544(E).— In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E)  dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraphs 1 and 2, for the words, figures and letters “the 24th November, 2016”, occurring at both places, the words, figures and letters “the 15th December, 2016” shall be substituted.

2. In the said notification, in paragraph 1,—

(i) in clause (c), after the words “Central or State Governments”, the words “up to a limit of Rs. 5000/- at a time” shall be inserted;

(ii) clauses (g) and (h) shall be omitted with effect from 25th November, 2016 (midnight of 24th November, 2016);

(iii) for clause (p), the following clause shall be substituted, namely:—

“(p) for making payments towards water, electricity charges;”;

(iv) in clause (r), proviso shall be omitted with effect from 25th November, 2016;

(v) after clause (r), the following clauses shall be inserted, namely :—

“(s) for making payments towards school fees up to a limit of Rs. 2000/- per student in the Central Government, State Government, Municipality or Local Body schools;

(t) for making payments towards fees for the Central Government or the State Government colleges;

(u) for making payments towards pre-paid mobile top-up up to a limit of Rs. 500/- for every top-up;

(v) for making payments at the toll plazas under National Highways Authority of India including concessionaires, with effect from 3rd December 2016:

Provided that, with effect from 25th November, 2016, for the purposes of all clauses of this paragraph, specified bank notes shall mean bank notes of the denominational value of five hundred rupees only.”.

[F. No. 10/03/2016-Cy. I ]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numbers S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445 (E) dated the 11th November, 2016, S.O. 3447 (E) dated the 13th November, 2016, S.O. 3448(E) dated the 14th November, 2016, S.O. S.O. 3480(E) dated the 17th November, 2016 and S.O. 3489(E) dated the 18th November, 2016 and S.O. 3490(E) dated the 20th November, 2016.


Purchase of seeds with Old bank Note Rs 500

As per the following notification Govt of India has allowed use of  old Bank Note of  Rs 500  till 24.11.2016 for making payments towards purchase of seeds from the centres, units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations, Central or State Agricultural Universities and the Indian Council of Agricultural Research, on production of proof of identity:

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 20th November, 2016

S.O. 3490(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraph 1, after clause (q), the following clause shall be inserted, namely:—

“(r) for making payments towards purchase of seeds from the centres, units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations, Central or State Agricultural Universities and the Indian Council of Agricultural Research, on production of proof of identity:

Provided that for the purposes of this clause, specified bank notes shall mean bank notes of the denominational value of five hundred rupees.”.

[F. No. 10/03/2016-Cy. I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numbers S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445 (E) dated the 11th November, 2016, S.O. 3447 (E) dated the 13th November, 2016, S.O. 3448(E) dated the 14th November, 2016, S.O. S.O. 3480 dated the 17th November, 2016 and S.O. 3489(E) dated the 18th November, 2016.


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 18th November, 2016

S.O. 3489(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraph 1, clauses (r) and (s) shall be omitted with effect from 17th November, 2016.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E)  dated the 8th November, 2016 and subsequently amended vide notification number S.O. 3416(E) dated the 9 th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445 (E) dated the 11th November, 2016, S.O. 3447 (E) dated the 13th November, 2016, S.O. 3448(E) dated the 14th November, 2016 and S.O. 3480 dated the 17th November, 2016


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 17th November, 2016

S.O. 3480(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraph 1, after clause (q), the following clauses shall be inserted, namely :—

“(r) the limits for cash withdrawal by farmers from their loan and other accounts shall be such, as may be specified by the Reserve Bank of India;

(s) for wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject to such conditions as may be specified by the Reserve Bank of India.”.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numberS.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445 (E) dated the 11th November, 2016, S.O. 3447 (E) dated the 13th November, 2016 and S.O. 3448(E) dated 14.11.2016.


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 14th November, 2016

S.O. 3448(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraphs 1 and 2, for the words, figures and letters “the 14th November, 2016”, occurring at both places, the words, figures and letters “the 24th November, 2016” shall be substituted.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification number  S.O. 3416(E) dated the 9th November, 2016, S.O. 3445 (E) dated the 11th November, 2016 and S.O. 3447 (E) dated the 13th November, 2016.


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 13th November, 2016

S.O. 3447(E).—In the notification of the Government of India in the Ministry of Finance, Department of Economic Affairs vide number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, in paragraph 1, in clause (e), for “Public Sector Oil Marketing Companies” read “Public Sector Oil and Gas Marketing Companies”.

[F. No. 10/03/2016-Cy. I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification number S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated 10th November, and S.O. 3445(E) dated the 11th November, 2016.


MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 11th November, 2016

S.O. 3445(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016   published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraphs 1 and 2, for the words, figures and letters “the 11th November, 2016” occurring at both places, the words, figures and letters “the 14th November, 2016” shall be substituted.

2. In the said notification, in paragraph 1,—

(i) in clause (c), after the word “Governments”, the words “and the customers shall provide their identity proof” shall be inserted;

(ii) clause (j) shall be omitted;

(iii) in clause (p), after the word “electricity”, the words “which shall be restricted to individuals or households for payment of only arrears or current charges and no advance payments shall be allowed” shall be inserted;

(iv) after clause (p), the following clause shall be inserted, namely:—

“(q) for payments towards court fees.”.

3. In the said notification, after paragraph 2, the following paragraph shall be inserted, namely:—

“3. The Reserve Bank of India shall issue guidelines for exchange of specified bank notes in Nepal and Bhutan.”.

[F. No. 10/03/2016-Cy. I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification under S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numbers S.O. 3416(E) dated the 9th November, 2016 and S.O. 3429(E) dated the 10th November, 2016.


THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 10th November, 2016

S.O. 3429(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016:-

1. In the said notification, in paragraph 1, after clause (n), the following clauses shall be inserted, namely :-

“(o) for making payments towards any fees, charges, taxes or penalties, payable to the Central or State Governments including Municipal and local bodies;

(p) for making payments towards utility charges including water and electricity.”

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification under S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification under S.O. 3416(E) dated the 9th November, 2016.


THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 9th November, 2016

S.O. 3416(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby amends the notification of the Government of India, Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:-

1. In the said notification, in paragraph 1, after clause (h), the following clauses shall be inserted, namely :-

“(i) for making payments in all pharmacies on production of doctor’s prescription and proof of identity;

(j) for making payments on all toll plazas on the State and National Highways;

(k) for payments on purchases LPG gas cylinders;

(l) for making payments to catering services on board, during travel by rail;

(m) for making payments for purchasing tickets for travel by suburban and metro rail services;

(n) for making payments for purchase of entry tickets for any monument maintained by the Archeological Survey of India.”.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy.


MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 8th November, 2016
S.O. 3408(E).—Whereas, by the notification of the Government of India in the Ministry of Finance,
vide F. No. 10/3/2016-Cy.I dated 8th November, 2016 published in the Gazette of India, Extraordinary, Part II,Section 3, Sub-section (ii), dated the 8th November, 2016, the Central Government declared that the bank notes of existing series of denomination of the value of five hundred rupees and one thousand rupees(hereinafter referred to as the specified bank notes), shall cease to be legal tender on and from the
9th November, 2016;
And whereas, it has become necessary to notify certain exemptions for the convenience of the
members of public in carrying out certain emergent and urgent transactions using the specified bank notes;
Now, therefore, in exercise of the powers conferred by sub-section (2) of section 26 of the Reserve
Bank of India Act, 1934 (2 of 1934), the Central Government hereby declares that the specified bank notes shall not be ceased to be legal tender, with effect from the 9th November, 2016 until the 11th November, 2016, to the extent of transactions specified below, namely:—
(a) for making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor’s prescription;
(b) at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets;
(c) for purchases at consumer cooperative stores operated under authorisation of Central or State
Governments;
(d) for purchase at milk booths operating under authorisation of the Central or State Governments;
(e) for purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil Marketing Companies;
(f) for payments at crematoria and burial grounds;
(g) at international airports, for arriving and departing passengers, who possess specified bank notes, the  value of which does not exceed five thousand rupees to exchange them for notes having legal tender character;
(h) for foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
2. All establishments referred to in paragraph 1, shall maintain complete account of record of stock and
sale of transactions made with the specified bank notes during the period between 9th November, 2016 and 11th November, 2016.
[F. No. 10/03/2016-Cy. I]
Dr. SAURABH GARG, Jt. Secy.

Read More 

Govt Notifications  Dated 08.11.2016 :Valid Transactions with Bank Note Rs 500 and Rs 1000 w.e.f 09.11.2016 Notified

Govt Notifications  Dated 09.11.2016 Another List of Payments Allowed with Rs 500 / 1000 Notified by Govt dtd 09.11.2016

Govt Notifications  Dated 10.11.2016 Taxes/ Electricity bill etc payment with Rs 500/1000 Notes – Notification by Govt

Govt Notifications  Dated 11.11.2016 Notification-Govt Extended date of Payments with Old Notes till 14.11.16 with Certain Modifications

Govt Notifications  Dated 13.11.2016:  S.O. 3447 (E) dated the 13th November, 2016.

Govt Press Release : Rs 500 /1000 Notes accepted for fees,taxes & penalties payable to Central & State Governments

Govt Press Release : No Toll plazas fees on National Highways till midnight of 11.11.2016

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