Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India

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..... cation of Forex Counters in International Airports in India Attention of Authorised Persons is invited to Para 2 (b) of the A.P.(DIR Series) Circular No.38 dated October 25, 2011. 2. On a review, it has been decided to allow non-residents to carry Indian currency upto a maximum of Rs. 10,000/- beyond Immigration/Customs desk to the Duty Free Area/Security Hold Area (SHA) in the departure ha .....

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..... n-residents to possess Indian Rupees (INR) will be the responsibility of the Airport Authorities. 4. Authorised Persons may bring the contents of this circular to the notice of their constituents concerned. 5. The directions contained in this Circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and non-compliance with t .....

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