Reserve Bank power to restrict currency export or import may limit amounts persons bring into or take out of India. The Reserve Bank may, in public interest and in consultation with the Central Government, restrict the amount of Indian currency notes and/or foreign currency that a person may bring into or take outside India on a case-by-case basis, and may prescribe such conditions as it may deem necessary.
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.
Reserve Bank power to restrict currency export or import may limit amounts persons bring into or take out of India.
The Reserve Bank may, in public interest and in consultation with the Central Government, restrict the amount of Indian currency notes and/or foreign currency that a person may bring into or take outside India on a case-by-case basis, and may prescribe such conditions as it may deem necessary.
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