Import restrictions on currency by post permit limited low-value consignments subject to Customs conditions and RBI oversight. Import of Indian and foreign currency by post is generally prohibited without RBI permission; Indian currency by post is not allowed. Customs may allow receipt of low-value currency consignments by residents subject to Assistant/Deputy Commissioner approval, maintenance of exemption and remitter/addressee records, and reporting unusual volumes to RBI. Parcels above the low-value threshold are to be detained, adjudicated and released only on production of a No Objection Certificate from the RBI. Authorised dealers may import currency for normal banking needs without separate RBI clearance.
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Provisions expressly mentioned in the judgment/order text.
Import restrictions on currency by post permit limited low-value consignments subject to Customs conditions and RBI oversight.
Import of Indian and foreign currency by post is generally prohibited without RBI permission; Indian currency by post is not allowed. Customs may allow receipt of low-value currency consignments by residents subject to Assistant/Deputy Commissioner approval, maintenance of exemption and remitter/addressee records, and reporting unusual volumes to RBI. Parcels above the low-value threshold are to be detained, adjudicated and released only on production of a No Objection Certificate from the RBI. Authorised dealers may import currency for normal banking needs without separate RBI clearance.
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