Demonetisation: Allow people with genuine reasons to deposit banned notes, SC tells govt - News Summed Up

Demonetisation: Allow people with genuine reasons to deposit banned notes, SC tells govt


“We are also hearing only genuine cases where we are satisfied deposit cannot be done because there is no window,” the Chief Justice said. In his November 8 speech, Prime Minister Narendra Modi said that those facing genuine difficulty in depositing demonetised notes by December 30 would get a chance to deposit them till March 31. Read | SC to Centre: Why was deadline for depositing demonetised notes changed? The court had earlier pulled up the government for providing inadequate options to people for getting rid of old notes. However, NRIs needed to produce a Customs certificate certifying the amount of the demonetised notes brought into the country when depositing them at the RBI.


Source: Hindustan Times July 04, 2017 06:29 UTC



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