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TMI BlogForeign Exchange Management (Export and Import of Currency) Regulations, 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... is of the new regulations is given as under: A. Export and import of Indian currency and currency notes a) Any person resident in India, may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding ₹ 25,000 (Rupees Twenty Five Thousand only) per person. may take or send outside India (other than to Nepal and Bhutan) commemorative coins not exceeding two coins each. Explanation: 'Commemorative Coin' includes coin issued by Government of India Mint to commemorate any specific occasion or event and expressed in Indian currency. who had gone out of India on a temporary visit, may bring into India at the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncy notes brought in by such person at any one time does not exceed US$ 5,000 (US Dollars five thousand) or its equivalent. C. Export of Foreign Exchange and Currency Notes An authorised person may send out of India foreign currency acquired in normal course of business, any person may take or send out of India, - Cheques drawn on foreign currency account maintained in accordance with Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000 ; foreign exchange obtained by him by drawal from an authorised person in accordance with the provisions of the Act or the rules or regulations or directions made or issued thereunder; currency in the safes of vessels or aircra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cy notes being the currency of Nepal or Bhutan. E. Prohibition on Export of Indian Coins No person shall take or send out of India the Indian coins which are covered by the Antique and Art Treasure Act, 1972. 3. The new regulations have been notified vide Notification No. FEMA. 6 (R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1004 (E) dated December 29, 2015 and shall come into force with effect from December 29, 2015. 4. Authorised Persons may bring the contents of the circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permiss ..... X X X X Extracts X X X X X X X X Extracts X X X X
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