|
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. |
| |
|
Foreign
Exchange
|
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 foreign currency notes does not
exceed U.S.$ 5000 or its equivalent, CDF is not
required to be completed. |
| |
Forms
of Currency: |
| |
(a) |
Currency
notes |
| |
(b) |
Bank
notes |
| |
(c) |
Traveller's
Cheques |
| |
Top
|
|
Gifts
|
1. |
A
gift to friends and relatives in India can be made
without obtaining any customs clearance permit
subject to following conditions: |
| |
(a) |
Gift
is made for donee's personal use; |
| |
(b) |
Gift
is made by post or otherwise; |
| |
(c) |
CIF
value of the gift parcels does not exceed Rs.
2000/- and it does not contain |
| |
|
(i) |
vegetable
seed exceeding one lb. in weight |
| |
|
(ii) |
bees |
| |
|
(iii) |
tea |
| |
|
(iv) |
books,
magazines and journals and literatures which are
not permitted to be imported |
| |
|
(v) |
canalised
items |
| |
|
(vi) |
alcoholic
beverages |
| |
|
(vii) |
fire
arms and ammunition |
| |
|
(viii) |
consumer
electronic items except hearing aids and life
saving equipment, apparatus and appliances and
parts thereof. |
| 2. |
In
case goods are not importable, a
customs clearance permit
is required. |
| 3. |
An
application for grant of CCP for import of gifts
of items appearing as restrictive in ITC (HS)
Classifications 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; |
| |
(b) |
Self-certified
copy of Proforma invoice and |
| |
(c) |
Bank
receipt (in duplicate)/Demand draft in payment of
application fee. |
| 5. |
Gifts
imported by post or as air freight upto a value of
Rs. 5000 are exempt from Customs duty. |
