Cross-border carriage of Indian currency permits limited transport of higher-denomination notes to Nepal and Bhutan under FEMA regulations. Individuals travelling to Nepal or Bhutan may carry specified higher-denomination Reserve Bank of India currency notes subject to a prescribed ceiling; Authorised Persons must inform constituents and customers. The amendment to the Foreign Exchange Management (Export & Import of Currency) Regulations, 2000 has been notified in the Official Gazette, and the circular is issued under the Foreign Exchange Management Act without prejudice to permissions required under other laws.
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.
Cross-border carriage of Indian currency permits limited transport of higher-denomination notes to Nepal and Bhutan under FEMA regulations.
Individuals travelling to Nepal or Bhutan may carry specified higher-denomination Reserve Bank of India currency notes subject to a prescribed ceiling; Authorised Persons must inform constituents and customers. The amendment to the Foreign Exchange Management (Export & Import of Currency) Regulations, 2000 has been notified in the Official Gazette, and the circular is issued under the Foreign Exchange Management Act without prejudice to permissions required under other laws.
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