General permission for release of imported currency through post – reg

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....gh post - reg. As you are aware, under Section 13 (i) of Foreign Exchange Regulation Act, 1973, no person could bring or send into India any foreign exchange or Indian currency except with special or general permission of Reserve Bank of India. Parcels/packets suspected to contain foreign/Indian currency, etc., were to be detained and adjudicated on merits. 2. Import of Indian currency notes....

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....xceed Rs. 1000/-, subject to the following conditions: (a) the power to grant approval is exercised at a fairly senior level in the Customs; (b) a detailed record should be maintained of the exemptions granted; c) record of the name and addresses of the remitter and addressee in India should be maintained; and (d) where a spurt is noticed in the number of covers....