Currency export restrictions: Denomination limits on Indian notes to Nepal and Bhutan, with a capped exception for travellers. Regulatory amendment replaces Regulation 8(1) to prohibit taking or sending Government of India and Reserve Bank of India currency notes above a specified small-denomination threshold to Nepal and Bhutan, while permitting individual travellers to carry specified higher-denomination Reserve Bank notes subject to a capped aggregate limit; the amendment is made under Section 6(3)(g) and Section 47(2) of the Foreign Exchange Management Act, 1999 and commences on publication in the Official Gazette.
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Currency export restrictions: Denomination limits on Indian notes to Nepal and Bhutan, with a capped exception for travellers.
Regulatory amendment replaces Regulation 8(1) to prohibit taking or sending Government of India and Reserve Bank of India currency notes above a specified small-denomination threshold to Nepal and Bhutan, while permitting individual travellers to carry specified higher-denomination Reserve Bank notes subject to a capped aggregate limit; the amendment is made under Section 6(3)(g) and Section 47(2) of the Foreign Exchange Management Act, 1999 and commences on publication in the Official Gazette.
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