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of <h1>Revised FEMA Regulation 8 Eases Indian, Nepalese and Bhutanese Currency Carrying Limits for Cross-Border Travellers</h1> The circular supersedes the 2019 directions and revises Regulation 8 of the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 for transactions with Nepal and Bhutan. Any person other than a citizen of Pakistan or Bangladesh may freely take or send from India to Nepal or Bhutan, and bring into India from those countries, Indian currency notes up to Rs.100 in any amount. Such persons may also carry Indian currency notes of denominations above Rs.100 up to a total of Rs.25,000 when travelling between India and Nepal or Bhutan. Additionally, they may export from or import into India the currency notes of Nepal or Bhutan. The amendments take effect from publication in the Official Gazette and are issued under the Foreign Exchange Management Act, 1999.
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