By the above mentioned circular Rs. Thanks for clarifying it. There is no problem in bring GBP into India. The duty free limit for carrying goods into India varies based on certain factors. It is best if you go through the Baggage Rules yourself and see which category you fall under to know the duty free limit for that category.
The duty free limit for import of alcoholic spirits and wine into India is 2 liters. Beyond that you have to pay a very high rate of customs duty. Skip to main content. Sign in to get trip updates and message other travellers. Foreign Exchange limit while coming into India. Browse all 8, Mumbai topics ». Watch this Topic. Browse forums All Browse by destination. He loves to write how-to guides and via Comparism, envisions bringing to you the top money-saving tips and best ways of moving money internationally without paying hefty fees in hidden charges and poor conversion rates to banks.
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Performance Performance. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. There is no limit to bring foreign exchange in India from the US. However, the aggregate value of foreign currency notes in excess of USD or equivalent and the aggregate value of foreign exchange in the form of currency notes, bank notes or traveller's cheques in excess of USD 10, or its equivalent must be declared to the customs.
There is no limit to carry foreign exchange to the US. However, amounts exceeding USD 5, or equivalent and foreign exchange in the form of currency notes, bank notes or traveller's cheques in exceeding USD 10, or its equivalent must be declared to the customs. A resident individual, who is an employee or a director of an Indian office or branch of a foreign company or of a subsidiary of a foreign company or of an Indian company in which the foreign equity holding is not less that 51 per cent, can make remittances for the acquisition of foreign securities under Employees Stock Option ESOP Scheme without any monetary limit.
The scheme is subject to the condition that the shares are offered at the concessional price. The facility will be subject to review in June Resident individuals can invest without any monetary limit in overseas companies listed on a recognised stock exchange which have the shareholding of at least 10 per cent in an Indian company listed on a recognised stock exchange in India as on 1 st January of the year of the investment.
All the above facilities are available under general permission, i. Skip to main content. Search the Website Search.
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