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How Much foreign Currency a foreign traveler can bring in India and bring out of India? 

Kalp Shah GST Classes
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Import of Foreign Exchange into India
A person,
a)may send into India without limit foreign exchange in any form other than currency notes, bank notes and travelers cheques;
b) may bring into India from any place outside India without limit foreign exchange (other than unissued notes)
Condition : Subject to the condition that such person makes, on arrival in India, a declaration to the Customs authorities in Currency Declaration Form (CDF).
No declaration in Currency Declaration Form (CDF) if total of currency notes, bank notes or travelers cheques is upto US $ 10,000
No declaration if total of currency notes, is upto US $ 5,000
1) Link of Currency Declaration Form (CDF)
rbidocs.rbi.or...
2) Link of the Said circular of Reserve Bank of India :
www.rbi.org.in...
*********
---------------------------------------------------------
kindly note that below kind of thing is fraud
Kindly confirm and guide me should I go ahead or not because I am getting frequently call from following Nos [protected], [protected] and +44nos . They have given me SBI account No of Chandousi UP Br of individual name and saying he is an officer of RBI so you deposit the said money ( Rs-80000) into his account then you will get the COT code soon.
Thanks
..., ...
Reserve Bank of India
to me
7 days agoDetails
Ref: RBI/EST/608/S102
Cdd: 2254/6189/17/915
Swift Code: CVALEFCNXXX
Attention: Sharma Gyan Prakash
We understand that you tried to make an online transfer of your award money into your local account but your operations was automatically stop as you are required to provide C.O.T code which is called Minimum cost of transfer differential & digital signature code of transfer.
We hereby bring to your notice that we received a telex notification from the NEFT systems a few minutes ago that you must make an upfront payment of (1, 20, 000.00 INR), One Lakh Twenty Thousand Rupees of the total sum in question (RS.2, 54, 560, 38.88 INR ) as charges for processing & procurement of the required COT code, as this will enable the Indian Ministry of Finance to release an approval for issuance of COT code & disbursement of RS.RS.2, 54, 560, 38.88 INR to your nominated account via NEFT secured online facilities.
Be informed that there is a multi-purpose insurance bond taken out by the Management Centre to protect your money from any form of fund embezzlement. This insurance bond is taken out in accordance with the United Kingdom & Indian regulations & also restricts any form of deduction at source to avoid misappropriation of the money.
As soon as we confirm your readiness to pay the aforementioned fee, we shall provide you the account details of the officer in charge of COT code clearance so that you can deposit the fee required to enable us process the activation and issuance of the required code immediately.Upon payment of the aforementioned fee & proper endorsement by the Indian ministry of finance, we shall however expedite action to effect clearance for issuance of C.O.T code immediately and appropriately.
The management staff of the Reserve Bank of India apologize for any inconveniences caused to you.
Awaiting your early reply. Thanking you
Office of the Director of Operations,
Foreign Exchange Management Act (FEMA)
Department of Payment & Settlement Systems,
Reserve Bank of India.
Transfer Director
(Foreign Exchange Department)
Reserve Bank of India.

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2 окт 2024

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Комментарии : 65   
@abhirukdutta8854
@abhirukdutta8854 2 дня назад
How much Cash US Dollars can i bring to india without any declaration?
@JaiAdishakti
@JaiAdishakti 29 дней назад
Only 25 thousand
@indiannapo3485
@indiannapo3485 4 года назад
Great analysis, thank you so much
@KalpShahGSTClasses
@KalpShahGSTClasses 4 года назад
My pleasure!
@ManeeshaSuby
@ManeeshaSuby Год назад
Would it be a problem if one of our foreign friends send us 10000 dollars by parcel?
@arun.kahaduwaarachchi
@arun.kahaduwaarachchi 6 месяцев назад
Great videos. I am a Sri Lankan and one my Sri Lankan friends rescently travelled to India carrying 100,000 INR in cash notes without any issue.
@KalpShahGSTClasses
@KalpShahGSTClasses 6 месяцев назад
Great 👍
@amolkotawadekar3083
@amolkotawadekar3083 Год назад
Sir what is the validity of custom declaration form since arival
@nsxproperties560
@nsxproperties560 3 года назад
So if I'm a US Citizen I can only bring in 25,000 Rupees and leave the country with 25,000 Rupees. Is that correct?
@suhasms6836
@suhasms6836 3 года назад
Sir if we declare currency of 50000 doller bring inside india is there any custom charges
@suhasms6836
@suhasms6836 3 года назад
Replay?
@pousalimukherjee6178
@pousalimukherjee6178 2 года назад
Hello. Did u pay custom charges?
@profitguru247
@profitguru247 4 года назад
Sir if someone come with 70000 doller need to fill the same or any other form with any changes?
@KalpShahGSTClasses
@KalpShahGSTClasses 4 года назад
Same : Call for more professional guidance 8000028250
@vipinvp
@vipinvp 4 года назад
CDF required..there is no charge for the same
@ChetanShende
@ChetanShende 2 года назад
How much INR cash I can carry in flight to Kathmandu from Delhi?
@scaraann
@scaraann 2 года назад
Hello, we're foreigners family 4 people (2adults + 2kids), because rules say any person without years limitations. Does this mean that limit of 5000 usd applies to each person in the family and in our case it's 20000 usd?
@jayaprakashkusuma7224
@jayaprakashkusuma7224 2 года назад
Bro how many us dollers can bring a Indian traveller from us to India those who went to 3months visiting purpose
@Waris.inftech
@Waris.inftech 2 года назад
from Nigeria to Delhi travelling with approx. cash $4000, I should to fill any declaration form ??plz suggest. Thanks
@KalpShahGSTClasses
@KalpShahGSTClasses 2 года назад
No. Even though, if you fill it voluntarily they don't mind it
@AbhishekPandey-ik3sh
@AbhishekPandey-ik3sh 2 года назад
Under 5000$ we can carry, no need to do any anything for it … right.?
@poornimas_socialworld
@poornimas_socialworld Год назад
Sir please help
@chhotesarkar269
@chhotesarkar269 3 года назад
What about COT code when foreign currency is more than limt
@KalpShahGSTClasses
@KalpShahGSTClasses 3 года назад
Maybe the email or something like that you have got it fraud
@KalpShahGSTClasses
@KalpShahGSTClasses 3 года назад
Do Not Pay Money to receive Large Funds from Abroad: RBI Advisory The Reserve Bank has today once again issued an advisory cautioning the members of public against responding in any manner to offers of moneys from abroad. It has stated that such offers are fraudulent and has advised the public to immediately register a complaint with the local police/ cyber crime authorities when they receive such offers or become a victim of any such fraud. Members of public have also been cautioned against making any remittance towards participation in such schemes/offers from unknown entities since such remittances are illegal and any resident in India collecting and effecting/remitting such payments directly/indirectly outside India is liable to be proceeded against for contravention of the Foreign Exchange Management Act, 1999. They are also liable for violation of regulations relating to Know Your Customer (KYC) norms/Anti Money Laundering (AML) standards. The Reserve Bank has further stated that it does not undertake any type of money arrangement, by whatever name called, and it does not take any responsibility for recovering moneys remitted in response to such bogus communication. For any further clarification in the matter, the Reserve Bank has advised the public to contact the officials of the Foreign Exchange Department at its various Regional Offices or at its Central Office, Foreign Exchange Department on telephone numbers 022- 22610589 / 22610618 or 2260 1000 extn. 2772 / 2732 during office hours (9.45 hours to 17.45 hours Monday to Friday) or seek clarification by e-mail . The public may also refer to the cautionary advices hosted on the home page of the RBI website (www.rbi.org.in ) as a ticker for more information. The Reserve Bank has stated that it has urged the Indian Banks’ Association and banks to educate their customers to be extra vigilant with regard to such fictitious offers. Banks have also been advised to take up with law enforcing agencies whenever accounts of their customers are misused for such fraudulent activities. How do the Fraudsters operate? The Reserve Bank of India has, on several occasions in the past, cautioned the members of public not to fall prey to fictitious offers / lottery winnings / remittance of cheap funds in foreign currency from abroad by so-called foreign entities/ individuals or to Indian residents acting as representatives of such entities/individuals. Describing the manner in which the fraudsters operate, the Reserve Bank has stated that the fraudsters send attractive offers to gullible public through letters, e-mails, mobile phones, SMSs, etc. To lend credence to such offers, the communication is often sent on/ from letterheads /websites that appear to be like that of some public authorities like the Reserve Bank of India. The offers are apparently signed by top executives/senior officials of such authorities. However, only the names of the officials may be correct but their signatures are faked. The offer document would contain contact details of a socalled RBI officer working in some department in the Reserve Bank/Public Authorities. The fraudsters initially ask potential victims to deposit small sums of money for different official sounding reasons, such as, processing fees/ transaction fees/tax clearance charges/conversion charges, clearing fees, etc. The victims are asked to deposit the money in certain accounts in banks. The fraudsters often have multiple accounts in the name of individuals or proprietary concerns in different bank branches for collecting such charges. Often gullible genuine account holders are persuaded by the fraudsters to lend their accounts for such fraudulent activities on the promise of receiving some commission. Once the initial amount is deposited, demands for more money follow with more official sounding reasons. After accumulating a sizeable amount in these accounts, the fraudsters withdraw or transfer the money abroad and vanish leaving the victims in a lurch. Many residents have already become victims and have lost huge sums of money by falling for such fictitious offers. Alpana Killawala Press Release : 2010-2011/1177 Related Press Releases/Notifications Chief General Manager May 28, 2010 Do Not fall Prey to Fictitious Offers of Funds Transfer: RBI Advisory May 26, 2010 Remittance towards participation in lottery, money circulation schemes, other fictitious offers of cheap funds, etc. Jul 30, 2009 Beware of Fictitious Offers/Lottery Winnings/Cheap Fund Offers: RBI Dec 07, 2007 RBI cautions Public against Fictitious Offers of Remitting Cheap Funds from Abroad
@dereksilvers9177
@dereksilvers9177 2 года назад
Do we have to pay duty if cash more than $5000 USD? If yes, how much is the duty?
@meow0036
@meow0036 Год назад
Thank you
@mohammedkamran2720
@mohammedkamran2720 Год назад
If someone bring more than 5000 usd (up to 10000usd) value in foreign currency and dont fill CDF then what will be the penalty
@KalpShahGSTClasses
@KalpShahGSTClasses Год назад
as per customs act actios can be taken
@mohammedkamran2720
@mohammedkamran2720 Год назад
@@KalpShahGSTClasses do u know what is that action
@musafirhuyaaaaaro
@musafirhuyaaaaaro 2 месяца назад
@KalpShahGSTClasses in exchange market there are some who dont see CDF & they give best exchange rate, to avoid action can i still fill CDF for 50k USD? what is action not clear to me..nor CDF concept as some dont need CDF & not even passport while exchanging
@INSBIRESWAR
@INSBIRESWAR 3 года назад
i have a question how much money in dollars we can carry to dubai?from india as an indian?
@fulbariyasandip7881
@fulbariyasandip7881 3 года назад
Sir Pese tarasfar ke liye cot code jru hi kya ?
@KalpShahGSTClasses
@KalpShahGSTClasses 3 года назад
Fraud hai.
@fulbariyasandip7881
@fulbariyasandip7881 3 года назад
Kya krna pde ga sir
@dannyshett
@dannyshett 4 года назад
I have question. If bringing cash US dollars 5000 plus which I'm not intending to spend. do I still have to fill form? Will there ba any charges for this? I'm only keeping this money for further foreign travel
@KalpShahGSTClasses
@KalpShahGSTClasses 4 года назад
No charges for the same. Filling the form is compulsory. Unspent amount you can take back by submitting the same form. You may bring into India from any place outside India without limit foreign exchange (other than unissued notes) subject to the condition that such person makes, on arrival in India, a declaration to the Customs authorities in Currency Declaration Form (CDF). It shall not be necessary to make such declaration where the aggregate value of the foreign exchange in the form of currency notes, bank notes or travelers cheques brought in by such person at any one time does not exceed US$10,000 (US Dollars ten thousand) or its equivalent and/ or the aggregate value of foreign currency notes brought in by such person at any one time does not exceed US$ 5,000 (US Dollars five thousand) or its equivalent. You may take out of India, unspent foreign exchange brought back by him to India while returning from travel abroad and retained in accordance with the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000 ; any person resident outside India may take out of India unspent foreign exchange not exceeding the amount brought in by him and declared in Currency Declaration Form (CDF).
@dannyshett
@dannyshett 4 года назад
@@KalpShahGSTClasses Because I was scared. One of my friend who was working overseas brought some currency back to India and he was harrased by custom officials for bringing money even though source of income was salary which he saved for months,
@KalpShahGSTClasses
@KalpShahGSTClasses 4 года назад
@@dannyshett Whatsapp call +91-8000028250
@vipinvp
@vipinvp 4 года назад
Hi while returning if you don't have CDF and you have more than 5000 USD CN ,it will be a violation of fema rules. Also you can keep 2000 USD with you for Ur further travel and remaining amount should encash within 180 days
@asenimchen646
@asenimchen646 3 года назад
What is Certificate of ownership asked in airport for a foreigner
@sobinkf
@sobinkf 4 года назад
My question is,what is the maximum amount (dollar) can be kept in the wallet without filling up the CD form while going out of India??
@KalpShahGSTClasses
@KalpShahGSTClasses 4 года назад
xport of Foreign Exchange and Currency Notes An authorised person may send out of India foreign currency acquired in normal course of business, any person may take or send out of India, - Cheques drawn on foreign currency account maintained in accordance with Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000; foreign exchange obtained by him by drawal from an authorised person in accordance with the provisions of the Act or the rules or regulations or directions made or issued thereunder; currency in the safes of vessels or aircrafts which has been brought into India or which has been taken on board a vessel or aircraft with the permission of the Reserve Bank; any person may take out of India, - foreign exchange possessed by him in accordance with the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000 ; unspent foreign exchange brought back by him to India while returning from travel abroad and retained in accordance with the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000 ; any person resident outside India may take out of India unspent foreign exchange not exceeding the amount brought in by him and declared in Currency Declaration Form (CDF).
@vipinvp
@vipinvp 4 года назад
If you are a Indian resident you can carry maximum amount of USD 3000.For NRE, Foreigner they can carry the unspent amount which they bought to India
@suhasms6836
@suhasms6836 3 года назад
If we fill currency declaration form... need to pay any custom charges? Pls replay ..
@KalpShahGSTClasses
@KalpShahGSTClasses 3 года назад
Bring through proper banking channel
@ashwanisingh8012
@ashwanisingh8012 2 года назад
Hey if I will bring 6000 euro how much custom charges I have to pay while deceleration
@pousalimukherjee6178
@pousalimukherjee6178 2 года назад
Did u get your answer ?
@Aisha-ox3kx
@Aisha-ox3kx Год назад
Nothing
@kawalhundalghuman829
@kawalhundalghuman829 Год назад
Can i carry 5000 euro from india to lisbon ?? Do i have to fill any form ?? Is there any problem?? Pls help if someone know this information
@nirmalavini5867
@nirmalavini5867 3 года назад
Is there any penalty we have to pay for carrying foreign currency from UK to India
@KalpShahGSTClasses
@KalpShahGSTClasses 3 года назад
Call 9106359201
@vandhanakumari1248
@vandhanakumari1248 3 года назад
What is the fee for custome decalaration form?
@KalpShahGSTClasses
@KalpShahGSTClasses 3 года назад
Zero
@dannyshett
@dannyshett 4 года назад
You did not clarified my doubt. I'm working in gulf and want to keep dollars my future use. Will there be any problem or should i go under some procedure?
@KalpShahGSTClasses
@KalpShahGSTClasses 4 года назад
Hi mate WhatsApp me for more details. For +918000028250
@vipinvp
@vipinvp 4 года назад
As per the fema rules you can keep USD 2000 as cash with you.If you have excess amount deposit the same in FCNR account or in NRE account.
@psoberoi24
@psoberoi24 2 года назад
work on english
@KalpShahGSTClasses
@KalpShahGSTClasses 2 года назад
Ok bro.
@ahmedsyed2928
@ahmedsyed2928 2 года назад
What about limit of carrying cash in domestic flights in india?
@KalpShahGSTClasses
@KalpShahGSTClasses 2 года назад
Surrender of Foreign Exchange on Return You can indefinitely retain foreign exchange upto US$ 2,000, in the form of foreign currency notes or travellers' cheques (TCs) for future use. Any foreign exchange in cash in excess of this sum, is required to be surrendered to a bank within 90 days and TCs within 180 days of return. Any amount in excess of US$ 2000 can be credited to RFC(D) account.
@KalpShahGSTClasses
@KalpShahGSTClasses 2 года назад
Resident Foreign Currency (Domestic) Account You can open a Resident Foreign Currency (Domestic) Account with a bank in India and deposit foreign exchange earnings repatriated to India through banking channel. The earnings could be out of export of goods and/or services, royalty, honorarium etc. You can also open/credit the RFC(D) account with currency notes, bank notes and travellers cheques (a) saved from your trip outside India, (b) received as honorarium during your trip outside India, (c) received as gift from persons on visit to India, and (d) received from a person on a visit to India for services rendered to him in India. These accounts are NOT interest bearing and there is no ceiling on the balances that can be built up in these accounts. The balances held in these accounts can be used for any purpose for which foreign exchange can be bought from a bank in India.
@KalpShahGSTClasses
@KalpShahGSTClasses 2 года назад
International Credit Cards You can use your International Credit Cards/ ATM Cards/Debit Cards - while on holidays outside India to meet your expenses. when outside India for purchase of item of import. when in India, for making payment in foreign exchange for purchase of books and other items through Internet. The use of ICCs by residents while on visit abroad has been made free from all restrictions, without any item-wise limit within the overall ceiling of the credit card itself. The ICCs cannot be used for purchase of prohibited items e.g. lottery tickets, banned or proscribed magazines, participation in sweepstakes, payment of call-back services etc.
@KalpShahGSTClasses
@KalpShahGSTClasses 2 года назад
FREQUENTLY ASKED QUESTIONS Do You Know ????? FOREX FACILITIES FOR RESIDENTS If you are a Resident Indian, you can buy foreign exchange without permission from the Reserve Bank of India for : Private Travel You can avail of foreign exchange upto US$ 10,000 in any calendar year for tourism or private travel to any country other than Nepal and Bhutan on the basis of self-certification. Endorsement on passport There is no compulsion for you to get your passport endorsed with the foreign exchange purchased for travel outside India. Should you desire to get your passport endorsed, the bank/money changer releasing foreign exchange would do it. Visit to Nepal and Bhutan You can carry any amount of Indian currency while travelling to these countries, but you are not permitted to take Indian currency notes of denomination of Rs.500 and above or buy any foreign exchange for visit to these countries. Study Abroad You can buy foreign exchange upto US$ 30,000 or upto the estimate from the institution abroad, whichever is higher, per academic year on the basis of simple documentary evidence indicating the requirement. Medical Treatment You can buy foreign exchange on the basis of self-certification, upto US$ 50,000 to meet the expenses for medical treatment outside India. Banks are also permitted to release exchange required in excess of US$ 50,000, on the basis of estimate from a doctor or hospital in India or overseas. You can also buy foreign exchange upto US$ 25,000 per person for meeting boarding/lodging/travel expenses of the patient and also the accompanying attendant on self-certification. Employment Abroad You can buy foreign exchange upto US$ 5,000 on production of letter of employment. Emigration You can buy foreign exchange upto US$ 5,000, or amount prescribed by country of emigration on the basis of emigration visa. International Credit Cards You can use your International Credit Cards/ ATM Cards/Debit Cards - while on holidays outside India to meet your expenses. when outside India for purchase of item of import. when in India, for making payment in foreign exchange for purchase of books and other items through Internet. The use of ICCs by residents while on visit abroad has been made free from all restrictions, without any item-wise limit within the overall ceiling of the credit card itself. The ICCs cannot be used for purchase of prohibited items e.g. lottery tickets, banned or proscribed magazines, participation in sweepstakes, payment of call-back services etc. Remittance for Miscellaneous Purposes upto US$ 500 You can remit foreign exchange outside India upto US$ 500, for miscellaneous purposes, without production of any document provided the rupee equivalent is paid by debit to your account, cheque or by demand draft. Gifts and Donations You can gift/donate upto US$ 5,000 every year on self-certification. Foreign Exchange can be purchased : from any bank which is authorised to deal in foreign exchange or full-fledged moneychangers. If the rupee equivalent exceeds Rs.50,000/-, the entire payment has to be made by way of a crossed cheque/banker's cheque/pay order/demand draft only. 60 days ahead of the journey date. In case it is not possible to use the foreign exchange within the period of 60 days, it should be surrendered to a bank/money changer. Surrender of Foreign Exchange on Return You can indefinitely retain foreign exchange upto US$ 2,000, in the form of foreign currency notes or travellers' cheques (TCs) for future use. Any foreign exchange in cash in excess of this sum, is required to be surrendered to a bank within 90 days and TCs within 180 days of return. Any amount in excess of US$ 2000 can be credited to RFC(D) account. Resident Foreign Currency (Domestic) Account You can open a Resident Foreign Currency (Domestic) Account with a bank in India and deposit foreign exchange earnings repatriated to India through banking channel. The earnings could be out of export of goods and/or services, royalty, honorarium etc. You can also open/credit the RFC(D) account with currency notes, bank notes and travellers cheques (a) saved from your trip outside India, (b) received as honorarium during your trip outside India, (c) received as gift from persons on visit to India, and (d) received from a person on a visit to India for services rendered to him in India. These accounts are NOT interest bearing and there is no ceiling on the balances that can be built up in these accounts. The balances held in these accounts can be used for any purpose for which foreign exchange can be bought from a bank in India. Retention of Foreign Coins You can retain foreign coins indefinitely without any limit. Bringing in Foreign Exchange You can bring into India foreign exchange without any limit. If, however, the value of foreign currency in cash exceeds US$ 5,000 and/or the cash plus TCs exceed US$ 10,000 it should be declared to the customs authorities at the airport in the currency declaration form (CDF), on arrival in India. Exchange Earners’ Foreign Currency (EEFC) Account You can retain upto specified limits, your earnings in foreign exchange, in an Exchange Earners' Foreign Currency (EEFC) Account with a bank in India. These accounts are NOT interest bearing and there is no ceiling on the balances that can be built up in these accounts. Balances held in such accounts can be used for any purposes for which exchange can be otherwise purchased from authorised dealers in India. For details of additional facilities available in EEFC account please contact your bank. ESOP Scheme A resident individual, who is an employee or a director of an Indian office or branch of a foreign company or of a subsidiary of a foreign company or of an Indian company in which the foreign equity holding is not less that 51 per cent, can make remittances for the acquisition of foreign securities under Employees Stock Option (ESOP) Scheme without any monetary limit. The scheme is subject to the condition that the shares are offered at the concessional price. (The facility will be subject to review in June 2003). Portfolio Investment - Overseas Resident individuals can invest without any monetary limit in overseas companies listed on a recognised stock exchange which have the shareholding of at least 10 per cent in an Indian company listed on a recognised stock exchange in India (as on 1st January of the year of the investment). (The facility will be subject to review in June 2003). Receipt of dis-investment proceeds/Sponsored ADRs/GDRs Resident shareholders of Indian companies, who offer their shares for conversion to ADRs/GDRs under the Scheme of Sponsored ADRs/GDRs can receive the sale proceeds in foreign currency or credit it to their EEFC/RFC (D) or Rupee accounts in India at their option. N.B. All the above facilities are available under general permission, i.e., foreign exchange can be availed of from authorised dealers and does not require Reserve Bank's approval.
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