Currency
Regulation
Movement of Indian and
Foreign Currency Indian Government regulations regarding foreign
exchange are:
-
Indian currency is
not permitted to be brought in or taken out of the country
without permission from the Reserve Bank of India.
-
Foreign
Exchange/Currency brought into India must be declared at Customs
where:
a)
The value of foreign currency
notes exceeds US$ 5,000 or equivalent.
b)
The aggregate value of the foreign exchange including currency notes
exceeds US$ 10,000/- or its equivalent.
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