Q637. Amount of Canadian dollars that can be taken to India legally . . .
Question: Respected Sir
First of all I appreciate you very much for your efforts for helping the NRI people by providing so much information.
My friend is going to India next week i.e on January 13,2014.So he wants to know that,
How much currency in Canadian dollars a person ( WHO IS CANADIAN CITIZEN ) can carry along with while traveling to India as of latest
FEMA Rules ?
I shall be very thankful to you if you reply soon because I have to inform him accordingly.
With Regards
Answer: There is no restriction on the amount of foreign currency that can be brought into India from abroad. However, in the following conditions, the currency must be declared on arrival by filling in a Currency Declaration Form (CDF) on arrival. These conditions are: • If the arriving passenger has more than US$ 5000 or its equivalent in Cash • If the total amount of foreign currency Cash + Travelers Cheques or bank draft etc exceeds US$10,000 or its equivalent Most people are probably aware of the US$ 10,000 limit, as this is generally enforced worldwide. However, many perhaps may not know about the $5000 cash limit. There is no limit on how much money your friend can take to India. As long as he/she declares the money if it exceeds the limits set by the authorities. Passengers carrying amounts that require currency declaration, must declare them voluntarily before being caught with currency that exceeds the allowed limit.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional
accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been
stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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Q637. Amount of Canadian dollars
that can be taken to India legally
Question: Respected Sir First of all I appreciate you very much for your efforts for helping the NRI people by providing so much information. My friend is going to India next week i.e on January 13,2014.So he wants to know that, How much currency in Canadian dollars a person ( WHO IS CANADIAN CITIZEN ) can carry along with while traveling to India as of latest FEMA Rules ? I shall be very thankful to you if you reply soon because I have to inform him accordingly. With Regards Answer: There is no restriction on the amount of foreign currency that can be brought into India from abroad. However, in the following conditions, the currency must be declared on arrival by filling in a Currency Declaration Form (CDF) on arrival. These conditions are: • If the arriving passenger has more than US$ 5000 or its equivalent in Cash • If the total amount of foreign currency Cash + Travelers Cheques or bank draft etc exceeds US$10,000 or its equivalent Most people are probably aware of the US$ 10,000 limit, as this is generally enforced worldwide. However, many perhaps may not know about the $5000 cash limit. There is no limit on how much money your friend can take to India. As long as he/she declares the money if it exceeds the limits set by the authorities. Passengers carrying amounts that require currency declaration, must declare them voluntarily before being caught with currency that exceeds the allowed limit.
N
RI Information
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educating and connecting Indians across the globe
© Copyright 2006 Nriinformation.com
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