 | | | Dear Customer, | | | As notified by the Central Bank of the UAE, we wish to inform you that a new law has been implemented on May 22, 2013 by the Central Board of Excise and Customs (CBSE) in India, stipulating the following: | |  | | | a. | Foreign travellers to India are strictly prohibited from bringing Indian currency (INR) in the form of cash into India | | | b. | Indian Nationals are permitted to bring in a cash amount not exceeding
INR 7,500 | |
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| | | | All travellers to India are required to declare all cash foreign currencies they
might be bringing into India, including the UAE Dirham, as follows: | |  | Where the value of the cash foreign currency exceeds US$5,000 | | | Where the aggregate value of all foreign currencies in the form of currency
notes, financial instruments, traveller cheques etc. is equal to or exceeds
US$10,000 | |
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| | | Failure to abide by the above, any other provisions as stipulated in the new law, can result in penalties including confiscation of money, prosecution and imprisonment. |
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