Surcharge on Debit/Credit Cards: Delhi HC issues notice to Finance Ministry & RBI

TDS-Debit-Credit-card-taxscan

A division bench of Delhi High Court comprising of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal has issued notice to Union Government and Reserve Bank of India (RBI) challenging the surcharge levied on credit and debit card transactions was “illegal” and “discriminatory”.

“The issue raised in the petition almost affects everyone, who operate bank accounts and the same is in the welfare of the nation at large as well,” the petition said.

Adding that “unlawful, unequal and arbitrary treatment is visible on the payment of petrol charges through credit and debit cards”.

The petitioner reportedly said that ministry and RBI are “responsible for making rules/guidelines and for monitoring banks across the country”.

“The petitioner has noticed that illegal, unequal and arbitrary treatment is seen across the country on transactions being done through credit and debit cards by levying surcharge at the rate of 2.5 per cent or more, while such surcharge is not levied when the payment of such transaction is done by making cash payment in that regard…,” the plea stated.

The bench posted the case for next hearing on January 4, 2017

taxscan-loader