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Business News » India News

RBI's container carrying scrapped notes fined for overloading

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RBI's container carrying scrapped notes fined for overloading
The Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference after the bimonthly monetary policy. Image Source: Reuters

A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border check-post in Gondia district and penalised for overloading, by the Regional Transport Office (RTO).

The action was taken on Tuesday night and Rs 30,000 fine was collected from the driver, an RTO official said.

"The container had the capacity to carry 16 tonnes of load, but we found that the it was carrying 21 tonnes. The vehicle was filled with scrapped notes of Rs 500 and Rs 1,000 denomination, which it was transporting to RBI's currency chest in Nagpur," Vijay Chavan, Deputy Regional Transport Officer of Gondia district told PTI today.

The vehicle was stopped by local officials posted at Deori check-post.

"The vehicle papers and other necessary documents were verified. We received a communication from Transport Commissioner based in Nagpur that the vehicle can be released after the payment of fine," Chavan said.

"As per the calculation, the driver was asked to pay a fine of Rs 30,000, as the container was carrying five tonnes above the permissible limit. The officials issued a receipt of the fine payment and the vehicle was let off," he said. 

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TAGS:
Reserve Bank of IndiaRBIcash containerOld Currency NotesPM ModiRegional Transport OfficeRTOEconomyDemonetisation
Written By: PTI
Updated: Fri, Dec 23, 2016
05:40 pm
PTI
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