Declaration requirement for foreign exchange: provide a Currency Declaration Form when arrival thresholds for notes or aggregate exchange are exceeded. Any person may bring unlimited foreign exchange into India, but a Currency Declaration Form must be submitted where foreign currency notes exceed US$5000 or where the aggregate value of foreign exchange (currency notes, bank notes, traveller's cheques, etc.) exceeds US$10,000 or equivalent; declaration is required when either threshold is crossed.
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Provisions expressly mentioned in the judgment/order text.
Declaration requirement for foreign exchange: provide a Currency Declaration Form when arrival thresholds for notes or aggregate exchange are exceeded.
Any person may bring unlimited foreign exchange into India, but a Currency Declaration Form must be submitted where foreign currency notes exceed US$5000 or where the aggregate value of foreign exchange (currency notes, bank notes, traveller's cheques, etc.) exceeds US$10,000 or equivalent; declaration is required when either threshold is crossed.
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