Fintotal News Analysis | International Travelers Can Carry up to Rs 10K till Duty Free Area of Airport
International Travelers Can Carry up to Rs 10K till Duty Free Area of Airport
Ruby Jacob, 18 Sep 2013

Now international travellers from India can carry Indian Rupees up to 10,000, beyond immigration desks to the Duty Free Shops, for their last-minute expenses. Before boarding the plane, they will have to dispose of Indian currency.

With modification in existing FEMA rules, RBI has allowed money-changing facilities to be set up in the Duty Free Area/Security Hold Area in the departure halls of international airports in India. Foreign travellers can exchange unspent Indian rupees for foreign currency at these foreign exchange counters.

Prior to this non-residents could carry Indian currency only up to immigration or customs desk of the airport. They are not permitted to carry Indian currency beyond national borders.

Similarly, RBI has enhanced the limit of Indian currency that residents can carry in or out of India on temporary foreign visits to Rs 10,000 from Rs 7,500 effective from 6 September 2013. This does not include visits to or from Nepal and Bhutan.

Indian rupee is not freely convertible and the central bank imposes restrictions on conversion to foreign currencies.

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