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Import of currency by post: limited postal clearance allowed with customs authorisation; larger consignments require RBI no objection. Import of currency by post requires RBI permission under FEMA and is generally restricted; Indian currency notes and coins may not be imported by post. Customs may permit limited postal importation of small-value currency to expedite mail clearance if authorised by an Assistant/Deputy Commissioner of Customs and required records- including remitter and addressee details-are maintained, with unusual increases reported to the RBI. Parcels above the small-value threshold must be detained, adjudicated and can be released only on presentation of a No Objection Certificate from the RBI. Authorised Dealers may import currency from overseas branches for normal banking needs without specific RBI clearance.
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.
<h1>Import of currency by post: limited postal clearance allowed with customs authorisation; larger consignments require RBI no objection.</h1> Import of currency by post requires RBI permission under FEMA and is generally restricted; Indian currency notes and coins may not be imported by post. Customs may permit limited postal importation of small-value currency to expedite mail clearance if authorised by an Assistant/Deputy Commissioner of Customs and required records- including remitter and addressee details-are maintained, with unusual increases reported to the RBI. Parcels above the small-value threshold must be detained, adjudicated and can be released only on presentation of a No Objection Certificate from the RBI. Authorised Dealers may import currency from overseas branches for normal banking needs without specific RBI clearance.
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