EXPORT OF CERTAIN ITEMS      Jewellery 1. The current Exim Policy does not lay down any restrictions on the export of any goods (including gold jewellery) through the medium of baggage so long as the goods are bona fide baggage of the passenger concerned. Indian Currency 1. Indian currency notes of denominations upto Rs.100/- , can be taken or sent out to Nepal and Bhutan. 2. Indian currency notes not exceeding Rs.5,000/- per person can be taken out by any resident Indian proceeding abroad to countries other than Nepal and Bhutan. 3. Reserve Bank has granted general permission to any person to take or send out of India (other than to Nepal and Bhutan), currency in the form of commemorative coins up to two coins each. 4. No person shall take or send out of India the Indian coins which are covered by the Antique and Art Treasure Act, 1972. 5. Indian currency exported or attempted to be exported except within the terms of the general or special permission granted by Reserve Bank is liable to be confiscated and offenders are also liable to punishment. Foreign Exchange 1. An authorised person may send out of India, foreign currency acquired in the normal course of business. 2. A person resident in India but not permanently resident therein may possess without limit foreign currency, if such foreign currency was acquired, held or owned by him when he was resident outside India, and has been brought into India in accordance with the regulations made under FEMA. 3. Any person may take or send out of India, foreign exchange obtained by him by drawal from an authorised person as per FEMA. 4. Any person may take or send out of India, currency in the safes of vessels or aircrafts which have been brought into India or which have been taken on board a vessel or aircraft with the permission of the Reserve Bank. 5. Any person may take out of India, foreign exchange possessed by him in accordance with the FEMA. 6. Any person may take out of India, uspent foreign exchange brought back by him to India while returning from travel abroad and retained in accordance with the FEMA. 7. Any person resident outside India may take out of India, uspent foreign exchange not exceeding the amount brought by him and declared in form CDF, on his arrival in India.   8. Any person may take out of India to Nepal or Bhutan, currency notes being the currency of Nepal or Bhutan.       Cheques 1. Any person resident in India, may take or send out of India, cheques drawn in foreign currency account maintained in accordance with FEMA. 2. Foreign citizens in or resident in India, but not permanently resident therein as also resident Indians maintaining foreign currency accounts abroad may take or send out of India cheques drawn on their foreign currency accounts. Gifts 1. Goods including edible items of value not exceeding Rs.1,00,000/- in a licensing year may be exported as a gift. 2. Items mentioned as restricted for export in the ITC (HS) Classifications of Import and Export items will not be exported as a gift without a licence except in the case of edible items.