No toll charges on National Highways till Nov 18 midnight

Govt had earlier decided to accept the withdrawn notes at toll plazas till Nov 11 midnight but that led to chaos

No toll would be charged on National Highways till the midnight of November 18, with the government on Monday extending the earlier deadline by four days.

"The government has decided to extend the deadline till midnight of November 18," an official said.

The official said the decision has been taken to ensure smooth traffic movement across all National Highways and provide relief to cash-starved people who are queueing up outside banks and ATMs after Rs 500 and Rs 1,000 notes were demonetised.

Instructions have been issued to all concessionaires, including BOT, OMT operators and other fee collection agencies, about the extension of toll suspension date.

 

A day after Prime Minister Narendra Modi announced ban on Rs 500 and Rs 1,000 notes to tackle corruption and black money, government had on November 9 said that no toll fee would be collected on National Highways till November 11 midnight. The deadline was again extended till November 14 midnight.

The government had earlier decided to accept the withdrawn notes at toll plazas till November 11 midnight but that led to chaos in the absence of adequate change, causing massive traffic jams.

"We reviewed the situation and decided to suspend the collection of fees," Road Transport and Highways Minister Nitin Gadkari had said.

When asked about the loss due to non-collection of toll fee, Gadkari said the government will bear it.

Revenue Secretary Hashmukh Adhia had stated last week that the government would be getting reports of all cash deposited during November 10 to December 30, 2016 above a threshold of Rs 2.5 lakh in every account.

The tax department would do matching of this with income returns filed by the depositors. Any mismatch with income declared by the account holder will be treated as a case of tax evasion.

"This would be treated as a case of tax evasion and the tax amount plus a penalty of 200 per cent of the tax payable would be levied as per the Section 270(A) of the Income Tax Act," he had said.