Demonetised Currency

The Income Tax Department is scrutinising petrol pumps across the country after its survey found that fuel outlets helped convert unaccounted cash after demonetisation, people privy to the taxman told CNBC-TV18.

Old notes still being exchanged, says Cong, demands CBI probe

Congress today demanded a CBI probe into recent seizures of demonetised currency in various parts of Maharashtra, saying it showed that illegal exchange of old currency was still going on.

RBI Governor faces tough questions on demonetisation

RBI Governor Urjit Patel today faced some tough questions from MPs as he could not set a time frame for return of normalcy in the banking system even as the central bank asserted that Rs 9.2 lakh crore or 60 percent of demonetised currency has been replaced.

NRIs need to show old notes to Customs at airport

NRIs and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get declaration form stamped.

Demonetisation: Sources say NRIs, people abroad get grace period to deposit cash

The government has prepared an ordinance, whereby a person holding more than 10 notes of demonetised currency after the December 31, may have to pay a penalty of Rs 10,000, or a fine upto Rs 50,000 for false declarations made during the grace period.

Demonetised currency not to be deposited in treasury: HC

The bench passed the direction while expressing displeasure over a trial court special judge' decision allowing a convict to deposit the fine amount in demonetised currency, which became an illegal tender from the midnight of November 8-9.