Hi, I just want to get perfectly clear on this. So if anyone have exact knowlegde about the amount of cash it is allowed to bring into India, I would appreciate the help! :rolleyes:
Travelling from the EU to India with Euros! And what about declaration and stuff... I havn't got a clue!
(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 http://www.cbec.gov.in/cae1-english.htm
According to the www.cbec.gov.in website, 'Any person can bring into India from a place outside India foreign exchange without any limit. However, declaration of foreign exchange/currency is required to be made in the prescribed Currency Declaration Form in the following cases:- (a) Where the value of foreign currency notes exceeds US$ 5000/- or equivalent (b) Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent'
However, it states that only 'Tourists' may take foreign currency out of India. '6. Tourists while leaving India are allowed to take with them foreign currency not exceeding an amount brought in by them at the time of their arrival in India. As no declaration is required to be made for bringing in foreign exchange / currency not exceeding equivalent of U.S. $ 10000, generally tourists can take out of India with them at the time of their departure foreign exchange/currency not exceeding the above amount.'
According to the site 'A tourist is a passenger a) who is not normally a resident in India; b) who enters India for a stay of not more than six months in the course of any twelve months period for legitimate non-immigrant purposes, such as : touring, recreation, sports, health, family reasons, study, religious pilgrimage, or business'
Does anyone know however if you can take foreign currency out of India if you are on an Employment visa (or on a Business visa and staying more than six months in the course of any twelve months period) and, if so, what the limits are?
What places, what hotels, what transportation, what period, what purchases, etc.?
Truly that Dharma is the Truth (Satya); Therefore, when a man speaks the Truth, they say, "He speaks the Dharma"; and if he speaks Dharma, they say, "He speaks the Truth!" For both are one. - Brihadaranyak Upanishad