Possession prohibition of specified denomination currency warns travellers to avoid carrying such notes into Nepal or face seizure. Possession of Rs. 500-denomination Indian currency notes in Nepal is an offence under the Foreign Exchange (Regulation) Act, 2019 (BS) (1962); such notes are non-exchangeable, prohibited from being brought into or taken out of Nepal, and are liable to seizure with penal consequences including imprisonment. The Indian Ministry of Finance circular directs urgent wide publicity and prominent display of notices at airports and Land Customs Stations to advise travellers to Nepal of this prohibition and enforcement risk.
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 prohibition of specified denomination currency warns travellers to avoid carrying such notes into Nepal or face seizure.
Possession of Rs. 500-denomination Indian currency notes in Nepal is an offence under the Foreign Exchange (Regulation) Act, 2019 (BS) (1962); such notes are non-exchangeable, prohibited from being brought into or taken out of Nepal, and are liable to seizure with penal consequences including imprisonment. The Indian Ministry of Finance circular directs urgent wide publicity and prominent display of notices at airports and Land Customs Stations to advise travellers to Nepal of this prohibition and enforcement risk.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
