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March 2010

A. P. (DIR Series) Circular No. 30, dated February 01, 2010

By Pinky Shah
Sonalee Godbole
Tarun Ghia
Brijesh Cholera
Pratik Mehta
Gaurang Gandhi
Chartered Accountants
Reading Time 1 mins
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53 A. P. (DIR Series) Circular No. 30, dated
February 01, 2010

Export and Import of Currency

Notification No. FEMA 195 / 2009-RB, dated July 7,
2009

Presently, a resident individual who is going on a
temporary visit outside India (other than to and from Nepal and Bhutan) is
permitted to take or bring back Indian currency notes issued by the Government
of India or RBI not exceeding Rs. 5,000.

This circular has raised this limit to Rs. 7,500.
Accordingly, a resident individual who is going on a temporary visit outside
India (other than to and from Nepal and Bhutan) is permitted to take or bring
back Indian currency notes issued by the Government of India or RBI not
exceeding Rs. 7,500.


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