https://www.taxtmi.com/circulars?id=1267 Possession of Rs. 500-denomination Indian currency notes in Nepal is an offence under the Foreign Exchange (Regulation) Act, 2019 (BS) (1962); such notes are non-exchangeable, prohibited from being brought into or taken out of Nepal, and are liable to seizure with penal consequences including imprisonment. The Indian Ministry of Finance circular directs urgent wide publicity and prominent display of notices at airports and Land Customs Stations to advise travellers to Nepal of this prohibition and enforcement risk. en-us Tue, 03 Oct 2000 00:00:00 +0530 Thu, 11 Jun 2009 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1267 Possession of Rs. 500-denomination Indian currency notes in Nepal is an offence under the Foreign Exchange (Regulation) Act, 2019 (BS) (1962); such notes are non-exchangeable, prohibited from being brought into or taken out of Nepal, and are liable to seizure with penal consequences including imprisonment. The Indian Ministry of Finance circular directs urgent wide publicity and prominent display of notices at airports and Land Customs Stations to advise travellers to Nepal of this prohibition and enforcement risk. Circulars Customs Tue, 03 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1267