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Govt notifies law to make banned note possession punishable

News and Press Release - Dated:- 2-3-2017 - New Delhi, Mar 1 (PTI) The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of ₹ 10,000. The Specified Bank Notes (Cessation of Liabilit .....

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7, also provides for a minimum fine ₹ 50,000 for false declaration by persons who were abroad during the demonetisation period (November 9-December 30, 2016) and given time to deposit such scrapped notes with RBI till March 31. With the law com .....

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