Demonetising Currency: EICI appeals to extend exemption deadline for toll plazas

Express Industry Council of India (EICI) and its members welcomed the Prime Minister’s announcement to demonetise Rs 1,000 and Rs 500 notes. “There are some procedural issues that express companies have been facing while plying their vehicles carrying urgently required express shipments on the national high ways. The vehicles must pass multiple toll plazas and drivers carry cash to pay the toll charges,” says, Vijay Kumar, Chief Operating Officer, EICI.
While every effort is being made by our members to ensure their drivers carry the new higher denomination notes as well as use other alternative payment systems available post November 11,2016, due to unprecedented rush in the banks as well as limits for cash withdrawals, it is turning out to be difficult to implement.