According to the Central Board of Excise and Customs
(iii) Declaration of foreign exchange/currency has be made before the custom officers in the following cases :
(a) where the value of foreign currency notes exceed US $ 5000 or equivalent
(b) where the aggregate value of foreign exchange including currency exceeds US $ 10,000 or equivalent
WARNINIG:
6. Import of Indian currency is prohibited. However, in the case of passengers normally resident of India who are returning from a visit abroad Indian currency upto Rs. 5000 is allowed.
Ref : http://www.cbec.gov.in/travellers.htm
- Mihir Patel.
(iii) Declaration of foreign exchange/currency has be made before the custom officers in the following cases :
(a) where the value of foreign currency notes exceed US $ 5000 or equivalent
(b) where the aggregate value of foreign exchange including currency exceeds US $ 10,000 or equivalent
WARNINIG:
6. Import of Indian currency is prohibited. However, in the case of passengers normally resident of India who are returning from a visit abroad Indian currency upto Rs. 5000 is allowed.
Ref : http://www.cbec.gov.in/travellers.htm
- Mihir Patel.
