Corrigendum to Circular No.19/2010-Customs dated 06.08.2010
Display at Airports / LCS about prohibition of import / export of Indian
currency notes of denomination of above Rs.100 in India and in Nepal – regarding
Your kind attention is invited to the Circular No.19/2010-Customs dated
13.7.2010 on the above subject.
2. In partial modification, the Para 1 of the above-mentioned Circular should
now be read as under:
“As you may be aware, the export and import of currency notes of Government of
India and Reserve Bank of India of denominations of above Rs.100 is not allowed
to and from Nepal and Bhutan in terms of Notification No. FEMA 6 / RB-2000 dated
3.5.2000 issued under Foreign Exchange Management (Export and Import of
Currency) Regulations, 2000 by the Reserve Bank of India. Similarly, the Indian
currency notes of the denomination of Rs.1000 and Rs.500 are not permissible for
exchange for banking transaction in Nepal in terms of guidelines issued by
Ministry of Finance, Government of Nepal and Nepal Rashtra Bank. In fact, the
current legal provisions in Nepal provide that notes of these denominations are
liable for seizure and the persons carrying them are to be fined or imprisoned
for upto three years.”
3. The other contents of the Circular would remain the same.
F.No.520/23/2010-Cus.VI
Yours faithfully,
( R. P. Singh )
Director (Customs)
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