Customs Declaration Form for Depositing SBNs with RBI for Travelling
NRIs/RIs
[Ref:
Circular No. 60/2016-Customs dated 31 December 2016]
Subject:
- Declaration form to be filled up by NRis for
depositing Specified Bank Notes (SBNs) on arrival
In
terms of Gazette Notification No 2652 dated November 08, 2016 issued by the
Government of India, Rs.500 and Rs.1000 denominations of Bank Notes of the
existing series issued by Reserve Bank of India (hereinafter referred to as
Specified Bank Notes (SBNs) ceased to be legal tender with effect from November
09, 2016 to the extent specified in the said notification.
2.
Subsequent to this, President of India has approved the promulgation of the
Specified Bank Notes (Cessation of Liabilities Ordinance) Ordinance. 2016 (Ord.
10 of 2016) on 30.12.2016. The ordinance imposes penal liabilities on the
holders of SBNs after the specified date. The main objectives of the Ordinance
are:
a to provide clarity and finality to the
liability of the Reserve Bank of India and the Government of India for the
SBNs;
b. to provide an opportunity to those persons who
were unable to deposit the SBNs within the time provided.
c. to declare holding, transferring or
receiving SBNs as illegal, with provisions for penalty for contravention of any
of the provisions of the Ordinance.
3.
Pursuant to the Ordinance, the Central Government has specified, in respect of
a citizen of India, referred to in clause (i) of
sub-section (1) of section 4 of the said Ordinance, the grace period for
tendering the SBNs as below-
(a)
who is a resident in India, the period ending on the
31st day of March, 2017; and
(b)
who is not resident in India, the period ending on the
30th day of June, 2017,
4.
The above facility would be subject to the “Foreign Exchange Management (Export
and Import of Currency) Regulations, 2015. As per these regulations bringing
back such currency into the country is restricted to Rs.25,000/-
per person. It may be noted that persons returning from Nepal and Bhutan are
not permitted to carry SBNs.
5.
For the period from up to 31.3 17 or
30.6.17, as applicable, a decimation form will need to be filled by resident
Indians and Non-resident Indians coming to India and carrying SBNs for
depositing these SBNs in the specified offices of RBI in India. At the
airport/land customs stations etc on entry, Customs
stamp on the said forms shall be affixed and the same shall be submitted along
with other documents to RBI offices. In this regard, a form, has been devised
as annexed to this Circular, which is to be filled by the NRs/ NRIs for the
above purpose.
6.
Since the form to be filled in by the passenger bearing the Customs stamp would
be crucial in subsequently facilitating the deposit of SBNs in the specified
issue offices of RBI, the Customs formations may keep a copy of the said form
(preferably in a scanned format) for their own record and later reference, if
any. The Customs officer shall strictly count the number of notes and tally the
total amount mentioned before stamping the form submitted by the passenger.
7.
Since it is a facilitation measure to enable
resident Indians and non-resident Indians deposit SBNs, when they arrive in
India, within the time frame provided above, therefore, measures may be taken
to give this Circular adequate publicity by making suitable arrangements with
Airport authorities and individual airlines etc. Additional Customs staff may
be deputed for this purpose, wherever required. While discharging the above
task, care may be taken that due courtesy is extended to the declarants and
that no unnecessary inconvenience is caused.
8.
Difficulties, if any in the implementation of this Circular may be brought to
the knowledge of the Board.
|
SNo. |
Item |
Particulars |
|
1 |
Name of the Passenger |
|
|
2 |
Passport No. |
|
|
3 |
Status whether Resident Indian or Non Resident Indian |
|
|
4 |
Address in India |
|
|
5 |
Flight No./ Mode by which arrived |
|
|
6 |
Date of Arrival |
|
|
7 |
Country of Departure |
|
|
8 |
Place of disembarkation |
|
|
9 |
Quantity of SBNs |
Number of Rs. 500___ |
|
|
|
Number of Rs. 1000___ |
|
10 |
Total Amount Rs. |
|
F.No.520/09/2016-CusVI