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Can a shopkeeper accept 500/1000 notes if he gives proper bill for the product?
I was wondering, can a shopkeeper accept 500/1000 notes if he gives a proper bill for the product?
As per the recent demonetization in India in 2016, the old 500 and 1000 rupee notes were declared illegal tender. However, there have been some restrictions lifted on the use of these notes for certain emergencies or specific circumstances. So, if the shopkeeper and customer both agree and the shopkeeper is able to provide a proper bill, then it might be possible to accept these notes.