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Foreign exchange declaration requirement triggers when carried currency or aggregate exchange instruments exceed prescribed thresholds. Importation of foreign exchange into India is unrestricted in amount, but a declaration obligation applies when prescribed thresholds are exceeded. A traveler must complete the prescribed Currency Declaration Form where the value of foreign currency notes carried surpasses a lower threshold, and where the aggregate value of all forms of foreign exchange (including currency notes, bank notes and traveler cheques) exceeds a higher threshold.
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<h1>Foreign exchange declaration requirement triggers when carried currency or aggregate exchange instruments exceed prescribed thresholds.</h1> Importation of foreign exchange into India is unrestricted in amount, but a declaration obligation applies when prescribed thresholds are exceeded. A traveler must complete the prescribed Currency Declaration Form where the value of foreign currency notes carried surpasses a lower threshold, and where the aggregate value of all forms of foreign exchange (including currency notes, bank notes and traveler cheques) exceeds a higher threshold.
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