Currency export restrictions allow limited carriage of new-series RBI notes to Nepal and Bhutan under amended Regulation 8. The amendment substitutes Regulation 8(1) to permit an individual travelling from India to Nepal or Bhutan to carry Reserve Bank of India notes of the Mahatma Gandhi (new) Series of specified denominations up to a prescribed total limit, while maintaining prohibitions on taking or sending Indian currency and RBI notes above the stated denominations; it takes effect on publication in the Official Gazette under powers of the Foreign Exchange Management Act, 1999.
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Currency export restrictions allow limited carriage of new-series RBI notes to Nepal and Bhutan under amended Regulation 8.
The amendment substitutes Regulation 8(1) to permit an individual travelling from India to Nepal or Bhutan to carry Reserve Bank of India notes of the Mahatma Gandhi (new) Series of specified denominations up to a prescribed total limit, while maintaining prohibitions on taking or sending Indian currency and RBI notes above the stated denominations; it takes effect on publication in the Official Gazette under powers of the Foreign Exchange Management Act, 1999.
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