Currency export/import limits increased for residents and non-residents, excluding Pakistan and Bangladesh, airport-only entry/exit for visitors. The circular raises the ceiling on Indian currency notes that residents and most non-residents may carry into and out of India, while excluding movements to and from Nepal and Bhutan and excluding citizens and travellers to and from Pakistan and Bangladesh; non-residents' entry and exit with currency notes is restricted to airports. Authorised Persons are directed to inform constituents, and the change amends the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000 under provisions of the Foreign Exchange Management Act, 1999.
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.
Currency export/import limits increased for residents and non-residents, excluding Pakistan and Bangladesh, airport-only entry/exit for visitors.
The circular raises the ceiling on Indian currency notes that residents and most non-residents may carry into and out of India, while excluding movements to and from Nepal and Bhutan and excluding citizens and travellers to and from Pakistan and Bangladesh; non-residents' entry and exit with currency notes is restricted to airports. Authorised Persons are directed to inform constituents, and the change amends the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000 under provisions of the Foreign Exchange Management Act, 1999.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
