Possession of foreign currency permitted for temporary residents when acquired abroad and duly brought into India under regulations. A person resident in India but not permanently resident may possess without limit foreign currency in the form of currency notes, bank notes and travellers cheques if such currency was acquired, held or owned when resident outside India and has been brought into India in accordance with regulations; not permanently resident covers persons in India for specified-duration employment or a specific assignment not exceeding three years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Possession of foreign currency permitted for temporary residents when acquired abroad and duly brought into India under regulations.
A person resident in India but not permanently resident may possess without limit foreign currency in the form of currency notes, bank notes and travellers cheques if such currency was acquired, held or owned when resident outside India and has been brought into India in accordance with regulations; not permanently resident covers persons in India for specified-duration employment or a specific assignment not exceeding three years.
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