Foreign exchange declaration requirements govern passenger disclosures, conversion records, and retention of unencashed balances upon departure. Currency declaration requirements apply to passengers arriving in India with foreign exchange. Completion is not required within the stated aggregate ... Summary
Foreign Exchange Management (Export and Import of Currency) Regulations, 2015
Foreign exchange declaration requirements govern passenger disclosures, conversion records, and retention of unencashed balances upon departure.
Currency declaration requirements apply to passengers arriving in India with foreign exchange. Completion is not required within the stated aggregate foreign-exchange and foreign-currency-note thresholds. The passenger declares aggregate foreign exchange by currency and provides identifying particulars, while detailed particulars of travellers' cheques and currency notes are not required. Customs certification records the declared foreign exchange. The endorsed declaration may be used for currency conversion or reconversion and must be retained by visitors who wish to take unencashed declared foreign exchange out of India.
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