Display at Airports / LCS about prohibition of import / export of Indian currency notes of denomination of above Rs.100 in India and in Nepal - regarding
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Prohibition on cross-border currency movement clarified; import/export of specified Indian notes to Nepal and Bhutan disallowed with penalties. The corrigendum clarifies that export and import of Indian currency notes above one hundred rupees to and from Nepal and Bhutan are prohibited under the Foreign Exchange Management (Export and Import of Currency) Regulations, and that Nepalese guidelines bar exchange of certain higher-denomination Indian notes within Nepal, rendering those notes liable to seizure and subjecting carriers to fines or imprisonment.
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.
Prohibition on cross-border currency movement clarified; import/export of specified Indian notes to Nepal and Bhutan disallowed with penalties.
The corrigendum clarifies that export and import of Indian currency notes above one hundred rupees to and from Nepal and Bhutan are prohibited under the Foreign Exchange Management (Export and Import of Currency) Regulations, and that Nepalese guidelines bar exchange of certain higher-denomination Indian notes within Nepal, rendering those notes liable to seizure and subjecting carriers to fines or imprisonment.
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