Import currency release through post permitted subject to prescribed conditions and enhanced regulatory limits under FEMA guidance Customs may release imported Indian and foreign currency received via post subject to the conditions in Board's Circular 22/99-Cus; the clearance threshold has been raised following liberalisation under the Foreign Exchange Management Act and review by monetary authorities, and implementation requires issuance of Public Notices and reporting of difficulties to the Board.
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 currency release through post permitted subject to prescribed conditions and enhanced regulatory limits under FEMA guidance
Customs may release imported Indian and foreign currency received via post subject to the conditions in Board's Circular 22/99-Cus; the clearance threshold has been raised following liberalisation under the Foreign Exchange Management Act and review by monetary authorities, and implementation requires issuance of Public Notices and reporting of difficulties to the Board.
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