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| Home > Govt. Agencies and Taxation > Custom Duty & Concessions |
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| Foreign Exchange/Indian Currency Import of Foreign Exchange |
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FOREIGN EXCHANGE/INDIAN CURRENCY IMPORT OF FOREIGN CURRENCY
Any person can bring into India from a place outside India foreign exchange without any limit. However, declaration of foreign exchange/currency is required to be made in the prescribed Currency Declaration Form in the following cases:-
- Where the value of foreign currency notes exceeds US$ 5000/- or equivalent
- Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent
EXPORT OF FOREIGN CURRENCY
Indians going abroad are permitted to take with them foreign currency without any limit so long as the same has been purchased from an authorised dealer in foreign exchange and endorsement to that effect has been made in the passport of the passenger by the concerned dealer.
Tourists while leaving India are allowed to take with them foreign currency not exceeding an amount brought in by them at the time of their arrival in India. As no declaration is required to be made for bringing in foreign exchange, currency not exceeding equivalent of U.S. $ 10000, generally tourists can taken out of India with them at the time of their departure foreign exchange/currency not exceeding the above amount. The export of foreign currency is otherwise prohibited
EXPORT OF INDIAN CURRENCY
Export of Indian Currency is strictly prohibited. However Indian residents when they go abroad are allowed to take with them Indian currency not exceeding Rs. 1000 in terms of RBI Notification No. 153/93 RBI, dated 12-07-93.
IMPORT OF INDIAN CURRENCY AS BAGGAGE
Import of Indian Currency is prohibited, however, in the case of passengers normally resident in India who are returning from a visit abroad, import of Indian Currency not exceeding Rs. 1000 is allowed. |
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