Saturday, 26 Sep 2020
‘Not illegal to carry Indian currency on return from India’

‘Not illegal to carry Indian currency on return from India’

The confusion arose right after the Omani consulate in Mumbai, in an advisory issued on its Twitter account on February 14, urged Omanis not to carry any Indian currency when leaving India.

According to the Reserve Bank of India, (Circular No. 45/2015-16 [(1)/six(R) issued on February four, 2016), any individual, other than a citizen of Pakistan or Bangladesh, and going to India, is permitted to take outdoors an quantity not exceeding R25,000.

Following the advisory, media reports in Oman stated that it was illegal to carry any quantity of Indian currency abroad and folks who have been caught with Indian rupees could face legal implications.

Denying the reports, the Indian Embassy in Muscat mentioned that the RBI rule of maximum R25,000 (that can be carried out) stands and is nonetheless applicable presently.

The embassy mentioned although it was fine to problem an advisory not to carry any quantity, it is presently not illegal to carry up to R25,000.

The Current Rule

Any individual resident in India might take abroad (other than to Nepal and Bhutan) Indian currency notes up to an quantity not exceeding R25,000 per individual. Also, he might take or send outdoors India (other than to Nepal and Bhutan) commemorative coins not exceeding two every.

For any individual resident outdoors India, not getting a citizen of Pakistan or Bangladesh, and going to India, ‘he may take outside Indian currency notes of the Government of India and Reserve Bank of India up to an amount not exceeding R25,000 per person. He may bring into India currency notes of the Government of India and the Reserve Bank of India not exceeding R25,000 per person’.

Information Source: Muscat Daily

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