You can bring in any amount of foreign currency, travellers
cheques, etc., and take out as much as you brought in.
However, if you are carrying more than US$ 2,500 (or equivalent)
you should declare it on arrival, to be attested by the
Customs Officer. No Indian currency may be brought into
or taken out of the country.
A tourist may bring any form or any amount of foreign
currency to India as long as he/she declares them in
the Currency Declaration Form provided at the time of
arrival. This will not only help the visitor in exchanging
the brought currency, but also help him/her in taking
back the unspent currency at the time of departure.
Cash, bank notes and travelers' cheques up to US$ 2,500
or equivalent must be declared at the time of entry.
Any form of money whether it is travellers' cheques,
bills, drafts, or cheques, which a tourist want to convert
should be exchanged through certified money exchangers
and banks which will in turn issue an encashment certificate
that is required at the time of re-conversion of any
unused money into foreign currency. As per the rules
of foreign Exchange Regulations Act 1973, the exchange
of foreign currency apart from authorized moneychangers
or banks is an offense, punishable under the law.
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