Currency carriage limits updated: travelers may import and export Indian currency notes subject to RBI conditions and nationality exclusions. Amendment prescribes a currency carriage limit of twenty-five thousand rupees per person for export and import of Government of India and Reserve Bank of India notes, subject to such other amounts and conditions as the Reserve Bank of India may notify; it excludes Nepal and Bhutan for certain departures and adds that residents of other countries visiting India, excluding citizens of Pakistan and Bangladesh, may both take out and bring in Indian currency notes up to the same limit subject to RBI notification.
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.
Currency carriage limits updated: travelers may import and export Indian currency notes subject to RBI conditions and nationality exclusions.
Amendment prescribes a currency carriage limit of twenty-five thousand rupees per person for export and import of Government of India and Reserve Bank of India notes, subject to such other amounts and conditions as the Reserve Bank of India may notify; it excludes Nepal and Bhutan for certain departures and adds that residents of other countries visiting India, excluding citizens of Pakistan and Bangladesh, may both take out and bring in Indian currency notes up to the same limit subject to RBI notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
