Foreign Going Vessels - Indian Currency
AS per CBEC Circular No.51/99-Cus dated 12.08.1999, Merchant Ships are allowed to carry Indian currency notes of denomination up to Rs 100/- for disbursement of wages to the crew of the ships etc. on board of foreign going vessels, subject to the usual conditions prescribed by RBI. This was actually increased from Rs.50 to Rs. 100 in 1999.
In a recent meeting of the Trade Facilitation Committee of Vizag Customs, there was a request to further enhance this. The Principal Commissioner informed the meeting that the matter was taken up with CBEC. He informed that the Ministry of Shipping has also taken up the matter with the CBEC. The Commissioner advised the Trade also to pursue the matter with CBEC.