Indian Currency |
1. |
Currency includes: |
| (a) |
Currency notes(coins and bank notes) |
| (b) |
postal notes |
| (c) |
postal orders |
| (d) |
money orders |
| (e) |
cheques |
| (f) |
drafts |
| (g) |
travellers cheques |
| (h) |
letters of credit |
| (i) |
bills of exchange |
| (j) |
promisory notes |
| (k) |
credit cards |
| (l) |
notified debit cards |
| (m) |
ATM cards |
| (n) |
other instruments to create financial liability |
| 1. |
Indian currency notes of denominations upto Rs.100/- , can be brought into India from Nepal and Bhutan.. |
| 2. |
Currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. 5000/- per resident Indian, can be brought into India, provided this amount had earlier been taken out while proceeding abroad on a temporary visit. |
| 3. |
No person shall bring into India any Indian currency notes or coins except with the general or special permission of Reserve Bank. |
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Foreign Exchange
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1. |
Reserve Bank has granted general permission to any person to bring foreign currency into India from any place outside India without limit, provided he declares to Customs authorities on arrival the particulars of all such foreign currency brought in by him on the Currency Declaration Form(CDF). |
| 2. |
If the aggregate value of foreign currency brought in does not exceed U.S.$ 10000 or its equivalent and/or value of foreig n currency notes does not exceed U.S.$ 5000 or its equivalent, CDF is not required to be co mpleted. |
| |
Forms of Currency: |
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(a) |
Currency notes |
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(b) |
Bank notes |
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(c) |
Traveller's Cheques |
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Gifts |
1. |
A gift to friends and relatives in India can be made without obtaining any customs clearance permit subject to following conditions: |
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(a) |
Gift is made for donee's personal use; |
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(b) |
Gift is made by post or otherwise; |
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(c) |
CIF value of the gift parcels does not e xceed Rs. 2000/- and it does not contain |
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(i) |
vegetable seed exceeding one lb. in weight |
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(ii) |
bees |
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(iii) |
tea |
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(iv) |
books, magazines and journals and literatures which are not permitted to be imported |
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(v) |
canalised items |
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(vi) |
alcoholic beverages |
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(vii) |
fire arms and ammunition |
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(viii) |
consumer electronic items except hearing aids and life saving equipment, apparatus and appliances and parts thereof. |
| 2. |
In case goods are not importable, customs clearance permitis required. |
| 3. |
An application for grant of CCP for import of gifts of items appearing as restrictive in ITC (HS) Cla ssifications of Export and Import Items may be made to Director General of Foreign Trade, New Delhi. |
| 4. |
The applications should be supported by the following documents: |
| |
(a) |
Donor's letter in original; |
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(b) |
Self-certified copy of Proforma invoice and |
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(c) |
Bank receipt (in duplicate)/Demand draft in pay ment of application fee. |
| 5. |
Gifts imported by post or as air freight upto a value of Rs. 5000 are exempt from Customs duty. |
