A. P. (DIR Series) Circular No. 146 dated 19th June, 2014

Export and Import of Currency: Enhanced facilities for residents and non-residents

Presently,
a person resident in India can take outside India or having gone out of
India on a temporary visit, can bring into India (other than to and
from Nepal and Bhutan) Indian currency notes up to an amount not
exceeding Rs.10,000. This circular has raised the said limit of Rs.
10,000 to Rs. 25,000 and provides that: 1. A ny person resident in India
can take outside India (other than to Nepal and Bhutan) or having gone
out of India on a temporary visit, can bring into India (other than from
Nepal and Bhutan) Indian currency notes up to an amount not exceeding
Rs.25,000.
2. A ny person resident outside India, who is not a
citizen of Pakistan and Bangladesh and who is also not a traveller
coming from and going to Pakistan and Bangladesh, and visiting India,
can take outside India/ bring into India Indian currency notes up to an
amount not exceeding Rs.25,000. This facility is available only the
person is exiting India/entering India only through an airport. Thus,
this facility of bringing into India or taking out of India, Indian
currency notes up to Rs. 25,000 is not available to persons’ resident
outside India who are coming into India/going out of India via land/sea
borders.