Movement of currency notes: RBI may permit persons to take, send or bring notes across borders subject to conditions. The Reserve Bank of India may, on application and on being satisfied of necessity, allow a person to take or send out of India or bring into India currency notes of the Government of India and/or of the Reserve Bank of India, subject to such terms and conditions as the Bank may stipulate, by way of an inserted sub regulation to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000.
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Provisions expressly mentioned in the judgment/order text.
Movement of currency notes: RBI may permit persons to take, send or bring notes across borders subject to conditions.
The Reserve Bank of India may, on application and on being satisfied of necessity, allow a person to take or send out of India or bring into India currency notes of the Government of India and/or of the Reserve Bank of India, subject to such terms and conditions as the Bank may stipulate, by way of an inserted sub regulation to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000.
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