What's new

Rahat Fateh Ali Khan detained over undeclared foreign currency

I think there would be any miscommunication or any misunderstanding.. The issue should be resolve as per law.
 
. . . . . . . .
Case seems to be fuzzy with phrases like "huge amounts" embedded into it to add masala.Its a sure case of harassment by authorities concerned.
 
.
How much amount of foreign money one can carry to India ?

Not exactly sure but I think the rules are something like this :


A person coming into India from abroad can bring with him foreign exchange without any limit. However, if the aggregate value of the foreign exchange in the form of currency notes, bank notes or travellers cheques brought in exceeds USD 10,000/- or its equivalent and/or the value of foreign currency exceeds USD 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.

and / or

In India, any person can bring into India from a place outside India foreign exchange without any limit. However, declaration of foreign exchange/currency is required to be made in the prescribed Currency Declaration Form in the following cases:-

(a) Where the value of foreign currency notes exceeds US$ 5000/- or equivalent

(b) Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent
 
. .
How much amount of foreign money one can carry to India ?

There is no limit on the amount of foreign currency that can be brought into India. But if the amount of foreign currency notes exceeds USD 5000 and the amount of currency notes plus travelers cheques exceed USD 10,000, then the person is expected to declare the amount at the customs entry point and obtain currency declaration form.
 
. . . .

Latest posts

Back
Top Bottom