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The Reserve Bank of India amends the Foreign Exchange Management Regulations to change currency limits for travel to Nepal and Bhutan. An individual takes or sends Indian currency notes out of India to Nepal or Bhutan. The notes exclude denominations above Rs. 100. An individual travelling to Nepal or Bhutan carries Mahatma Gandhi new series notes of Rs. 200 and Rs. 500 up to a total limit of Rs. 25,000. These regulations come into force on the date of their publication in the Official Gazette.
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Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001
Notification No. FEMA 6(R)/(1)/2019-RB
February 26, 2019
Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019
In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments to the Foreign Exchange Management (Export and import of Currency) Regulations, 2015 (Notification No. FEMA 6(R)/RB-2015 dated December 29, 2015) (hereinafter referred to as 'the Principal Regulations'), namely:-
(Ajay Kumar Misra) Chief General Manager-in-Charge
Foot Note:- The Principal Regulations were published in the Official Gazette vide G.S.R. No. 1004(E) dated December 29, 2015 in Part II, Section 3, sub-Section (i). Published in the Official Gazette of Government of India – Extraordinary – Part-II, Section 3, Sub-Section (i) dated 26.02.2019- G.S.R.No. 151(E).
