CUSTOMS GUIDELINES FOR TRAVELLERS TO INDIA
See Also
Multicurrency Account: What Is It and How Does It Work? - NerdWalletRBI lays down norms on loan system for large borrowersReserve Bank of India - Function Wise MonetaryForeign Exchange Management Act (FEMA) - Features of FEMA RegulationAll the passengers shall ensure to file correct declaration of foreign exchange/currency before the custom officers in the following cases 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
- Import of Indian Currency is prohibited. However, in the case of passengers normally resident in India who are returning from a visit abroad, import of Indian Currency upto Rs. 7,500 is allowed.
- An NRI coming into India from abroad can bring with him foreign exchange without any limit provided if foreign currency notes, travellers cheques, Forexplus Card exceed US$ 10,000/ - or its equivalent and/or the value of foreign currency exceeds US$ 5,000/- or its equivalent, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.
- Export of Indian Currency is strictly prohibited. However Indian residents when they go abroad are allowed to take with them Indian currency not exceeding Rs. 7,500.
- 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.
For further details please visit:www.cbec.gov.in/trvler-guide_ason22may2013.pdf 
