You can still use old `500 notes to buy LPG refills

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| Dec 2, 2016, 07.45 AM IST

NEW DELHI: The government said on Thursday that the old Rs 500 notes can no longer be used to buy petrol, diesel and air tickets from the midnight of December 2. Toll exemptions at national highways will also end on the midnight of December 2.

But you can still use old 500 rupee notes to buy cooking gas cylinder as LPG continues to be in the exempted category. The Centre also said that other exempted categories such as government hospitals and pharmacies that had earlier been notified will continue to accept old Rs 500 notes. It said the outlets of oil and gas marketing companies are better equipped to accept payments through digital means and therefore it has been decided not to extend the exemption.

TOI had reported on Thursday that the government was withdrawing the facility to use old 500 rupee notes at petrol pumps. The decision comes after the assessment that the exemption was being grossly misused to launder black money and that scrapping it will not affect movement of goods. The processes of production, dispatch and distribution of currency notes have been continuing and more cash is flowing into the system steadily. Digital transactions have also made impressive progress and are expected to significantly improve during the coming days, the Centre said.

Similarly, purchase of tickets at airports was included initially in the exempted category. “It is observed that air ticketing counters have facilities to accept non-cash, digital payments. Further, enough time has been allowed for travellers to be prepared with legal tender and/or non-cash modes of payment,” according to agovernment statement.

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