Declaration form to be filled up by NRIs for depositing Specified Bank Notes (SBNs) on arrival

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....ing Specified Bank Notes (SBNs) on arrival-reg. Attention of all the passengers, Airlines, Airport Authorities and all others concerned is invited to Board's Circular No.60/2016-Customs dated 31.12.2016 on the above cited subject. In terms of Gazette Notification No. 2652 dated November 08, 2016 issued by the Government of India, ₹ 500 and ₹ 1000 denominations of Bank Notes of the....

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....would be subject to the "Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. As per these regulations bringing back such currency into the country is restricted to ₹ 25,000/- per person. It may be noted that persons returning from Nepal and Bhutan are not permitted to carry SBNs. The Resident Indians who were abroad and Non-Resident Indians who were not presen....