| Date: |
26-04-2002
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| Notification No: |
Customs Circular No 23/2002
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Instructions Regarding General Permission for Release of Imported Currency through Post
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Instructions Regarding General Permission for Release of Imported Currency through Post
Customs Circular No. 23 dated 26th April 2002
I am directed to refer to Board's Circular No. 22/99-Cus. dated 7-5-1999 on the above-mentioned
subject. It was clarified that the Customs authorities may clear the import of both Indian and foreign
currencies received through 'post' by residents provided the value did not exceed Rs. 1,000/- and also subject
to certain conditions.
In view of the liberalizations made under Foreign Exchange Management Act (FEMA), 1999 the matter
has been reviewed by RBI and the existing limit of Rs. 1000/- has since been enhanced to Rs.5000/- subject to
the conditions mentioned in Board's Circular 22/99-Cus. dated 7-5-99.
These instructions may be brought to the notice of all concerned by way of issue of Public
Notices etc. Any difficulty faced in implementation of instructions may be brought to the notice of the Board.
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