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Limits for possession and retention of foreign currency or foreign coins

Regulation 3 - Regulation - FEMA - Regulation 3 - 3. :- For the purpose of clause (a) and clause (e) of Section 9 of the Act, the Reserve Bank specifies the following limits for possession or retention of foreign currency or foreign coins, namely :- .....

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bank notes and foreign currency travellers' cheques not exceeding US$ 2000 or its equivalent in aggregate, provided that such foreign exchange in the form of currency notes, bank notes and travellers cheques; (a) was acquired by him while on a vi .....

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