Import of currency by post permitted without prior central bank clearance subject to supervisory conditions and recordkeeping. Customs may clear Indian and foreign currency received by residents through post without requiring an RBI No Objection Certificate where the value does not exceed Rs. 5000/-, subject to approval by the Deputy/Assistant Commissioner of Customs and conditions that senior-level approval be exercised, detailed exemption records be maintained, remitter and addressee particulars be recorded, and spikes in volume be reported to the relevant regional office.
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.
Import of currency by post permitted without prior central bank clearance subject to supervisory conditions and recordkeeping.
Customs may clear Indian and foreign currency received by residents through post without requiring an RBI No Objection Certificate where the value does not exceed Rs. 5000/-, subject to approval by the Deputy/Assistant Commissioner of Customs and conditions that senior-level approval be exercised, detailed exemption records be maintained, remitter and addressee particulars be recorded, and spikes in volume be reported to the relevant regional office.
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