Old demonitised notes can be used to pay Govt Tax, Fees & Penalty

By TG Team Fema / RBI News , Notifications , Notifications/Circulars November 10, 2016

Press Information Bureau
Government of India
Ministry of Finance
10-November-2016 16:13 IST

Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and local bodies;This facility available only till midnight of 11th November,2016.

The Central Government has taken a decision that old 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and Local Bodies. Such old notes will also be accepted for making payment of utility charges for water & electricity etc. However, these facilities will be available only till midnight of 11th November,2016.

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Related Notification is as follows :-

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 8^thNovember, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8^thNovember, 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 8^thNovember, 2016 and subsequently amended vide notification under S.O. 3416(E) dated the 9^thNovember, 2016.