Dear Customer,As notified by the Central Bank of the UAE, we wish to inform you that a new law has been implemented on May 22, 2013 by the Central Board of Excise and Customs (CBSE) in India, stipulating the following:a.Foreign travellers to India are strictly prohibited from bringing Indian currency (INR) in the form of cash into Indiab.Indian Nationals are permitted to bring in a cash amount not exceeding INR 7,500All travellers to India are required to declare all cash foreign currencies they might be bringing into India, including the UAE Dirham, as follows:Where the value of the cash foreign currency exceeds US$5,000Where the aggregate value of all foreign currencies in the form of currency notes, financial instruments, traveller cheques etc. is equal to or exceeds US$10,000Failure to abide by the above, any other provisions as stipulated in the new law, can result in penalties including confiscation of money, prosecution and imprisonment.
Posted on: Wed, 02 Oct 2013 19:35:10 +0000
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