Export and Import of Currency-Board reiterates RBI Circular
AS per RBI Circular No. 146, dated 19.06.2014, any person resident in India:
1. may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 (Rupees twenty five thousand only); and
2. who had gone out of India on a temporary visit, may bring into India at the time of his return from any place outside India (other than from Nepal and Bhutan), currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 (Rupees twenty five thousand only).
This was only Rs. 10,000/- earlier.
Board wants all Chief Commissioners to ensure that the RBI guidelines are scrupulously followed by the officers under their charge. Further, Board wants wide publicity to be given to these guidelines by displaying them at prominent places at the airports etc. so that no harassment is caused to the genuine passengers.
Board wants Officers to be suitably sensitized in the matter. Any non-compliance on the part of the officers will be viewed seriously.
The Customs declaration that passengers are made to give at airports, still carries the amount as Rs.10,000/-
CBEC Circular No.03/2015-Customs., Dated: January 16, 2015