Notification relaxing cash withdrawal by APMC Traders & Change in Cash Exchange Limit

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 17th November, 2016

S.O. 3479(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. 3407 (E) dated the 8^th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8^th November, 2016, namely:—

1. In the said notification, in clause (i), with effect from the 18^th November, 2016, for the words, letters and figures “value of Rs. 4500/-”, the words, letters and figures “value of Rs. 2000/-” shall be substituted.

2. In the said notification, in paragraph 2, in clause (vi), after the proviso, the following proviso shall be inserted, namely:—

“Provided further that the withdrawal limit provided in the first proviso shall also be applicable to the traders registered with the Agricultural Produce Market Committee (APMC) markets or mandis.”.

[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. 3407 (E) dated the 8^th November, 2016 and subsequently corrected vide notification number S.O. 3418 (E) dated the 9^th November, 2016 and amended vide S.O. 3446 (E) dated the 13^th November, 2016 and S.O. 3449 (E) dated the 14^th November, 2016.

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