As notified by the Central Bank of the UAE, new law has been - TopicsExpress

As notified by the Central Bank of the UAE, new law has been implemented on May 22, 2013 by the Central Board of Excise and Customs (CBSE) in India, stipulating the following !!** a)Foreign travellers to India are strictly prohibited from bringing Indian currency (INR) in the form of cash into India b.)Indian Nationals are permitted to bring in a cash amount not exceeding INR 7,500 All travellers to India are required to declare all cash foreign currencies they might be bringing into India, including the UAE Dirham, as follows: Where the value of the cash foreign currency exceeds US$5,000 Where the aggregate value of all foreign currencies in the form of currency notes, financial instruments, traveller cheques etc. is equal to or exceeds US$10,000 Failure to abide by the above, any other provisions as stipulated in the new law, can result in penalties including confiscation of money, prosecution and imprisonment.

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