Limit of foreign currancy

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This query is : Resolved

CHIRAG DOSHI (Querist)

25 November 2011 sir,
can you explain me that how mach can i carry out with me to austria during the tour in form of currancy note?

how much can i bring with me in the form of currancy note from austria?

thank you,

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

28 November 2011 CLEARANCE OF INCOMING PASSENGERS (GREEN AND RED CHANNELS)

For the purpose of Customs clearance of arriving passengers, a two channel system has been adopted

(i) Green Channel for passengers not having any dutiable goods.

(ii) Red Channel for passengers having dutiable goods.

However,

(i)

All the passengers shall ensure to file correct declaration of their baggage.

(ii)

Green channel passengers must deposit the customs portion of the disembarkation card to the custom official at the gate before leaving the terminal.

(iii)

Declaration of foreign exchange/currency has be made before the custom officers in the following cases :

(a)

where the value of foreign currency notes exceed US $ 5000 or equivalent

(b)

where the aggregate value of foreign exchange including currency exceeds US $ 10,000 or equivalent

- Passengers walking through the Green Channel with dutiable / prohibited goods are liable to prosecution/penalty and confiscation of goods.

- Trafficking of Narcotics and Psychotropic substances is a serious offence and is punishable with imprisonment.

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