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FEMA/ R.B.I. Guidelines

Contd.

For Indians

While coming into India how much Indian currency can be brought in?
A person coming into India from abroad can bring in with him Indian currency notes within the limits given below:

a. upto Rs. 5,000 from any country other than Nepal or Bhutan, and

b. any amount in denomination not exceeding Rs.100 from Nepal or Bhutan.

While going abroad how much foreign exchange, in cash, can a person carry?
Residents are free to carry the foreign exchange purchased from an authorised dealer or money changer in accordance with the Rules. They are, however, allowed to carry foreign exchange in the form of currency notes/coins upto USD 2,000 or its equivalent only. Balance amount can be carried in the form of traveller’s cheque or banker/s draft. (In this connection please see item No.9).

While coming into India how much foreign exchange can be brought in?
A person coming into India from abroad can bring with him foreign exchange without any limit. However, if the aggregate value of the foreign exchange in the form of currency notes, bank notes or travellers cheques brought in exceeds USD 10,000/- or its equivalent and/or the value of foreign currency exceeds USD 5,000/- or its equivalent, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.

While going abroad how much foreign exchange can a person carry?
Residents are free to carry the foreign exchange purchased from an authorised dealer or money changer in accordance with the Rules. In addition, they can also carry up to USD 2,000, or higher amounts representing the unutilized balance of a previous trip, if already held by them (see above) in accordance with the Regulations.


For Foreigners
Please see above stated guidelines in which the guidelines for bringing the foreign exchange in India is prescribed. And one more thing they cannot buy the foreign exchange only they can exchange the unspent Rupees into the Foreign Currency (Note: the amount which they have brought in while coming to india, maximum, only that equivalent value of the foreign exchange they can take away not more than that, in case if they haven't spent any amount in india) on prodution of the Encashment Certificate.

#Source www.rbi.org.in 
 
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