are no restrictions on the amount of foreign currency or traveler's
cheques a tourist may bring into India provided he makes a
declaration in the Currency Declaration form given to him
on arrival. This will enable him not only to exchange the
currency brought in but also to take the unspent currency
out of India on departure. Cash, bank notes and traveler's
cheques up to US$1,000 or equivalent need not be declared
at the time of entry.
money in the form of traveler's' cheques, drafts, bills, cheques,
etc, in convertible currencies which tourists wish to convert
into Indian currency should be exchanged only through authorized
money changers and banks who will issue an encashment certificate.
This certificate is required at the time of re-conversion
of any unspent money into foreign currency. Tourists are warned
that changing money through unauthorized persons is not only
illegal but an offence under Foreign Exchanges Regulation Act 1973
but also involves the risk of
receiving counterfeit currency.
FORMALITIES AND REGULATIONS
Visitors are generally required to make
oral baggage declaration in respect of baggage and foreign
currency in their possession. Visitors in possession of more
than US$1,000 or equivalent thereof in the shape of traveler's'
cheques, bank notes, currency notes are required to obtain
a Currency Declaration Form before leaving Customs. They should
fill in the Disembarkation Card handed over to them by the
airlines during the courses of the flight.
There are two channels for Custom clearance
- for passengers not having any dutiable
articles or unaccompanied baggage.
- for passengers having dutiable
articles or unaccompanied baggage or high value articles to
be entered on Tourist Baggage Re-Export Form.