Foreign Exchange Management (Export and import of currency) Regulations, 2015

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e, the Reserve Bank makes the following regulations for export from and import into, India of currency or currency notes, namely :- 1. Short title commencement:- (i) These regulations may be called as Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. (ii) They shall come into effect on from the date of their publication in the Official Gazette 2. Definitions: - In these regulations, unless the context requires otherwise, - (i) 'Act' means Foreign Exchange Management Act, 1999 (42 of 1999); (ii) the words and expressions used and not defined in these regulations but defined in the Act have meanings respectively assigned to them in the Act. 3. Export and Import of Indian cur .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Save as otherwise provided in these regulations, any person resident outside India, not being a citizen of Pakistan or Bangladesh, and visiting India, (a) may take outside India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding ₹ 25000 (Rupees Twenty Five Thousand Only) per person or such other amount and subject to such conditions as notified by Reserve Bank of India from time to time. (b) may bring into India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding ₹ 25000 (Rupees Twenty Five Thousand Only) per person or such other amount and subject to such conditions as notified by Reserve Bank of India from time to time. 4 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of foreign exchange and currency notes:- (1) An authorised person may send out of India foreign currency acquired in normal course of business, (2) Any person may take or send out of India, - (a) Cheques drawn on foreign currency account maintained in accordance with Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000 ; (b) foreign exchange obtained by him by drawal from an authorised person in accordance with the provisions of the Act or the rules or regulations or directions made or issued thereunder ; (c) currency in the safes of vessels or aircrafts which has been brought into India or which has been taken on board a vessel or aircraft with the permission of the Reser .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X