Foreign Exchange Management (Export and import of currency) Regulations, 2015
RBI vide FEMA NOTIFICATION NO 6 /RB-2015, Dated: December 29, 2015 notified that,
A person may –
a) send into India without limit foreign exchange in any form other than currency notes, bank notes and travelers cheques;
b) bring into India from any place outside India without limit foreign exchange (other than unissued notes),
provided that bringing of foreign exchange into India under clause b) shall be subject to the condition that such person makes, on arrival in India, a declaration to the Custom authorities in Currency Declaration Form (CDF) annexed to these Regulations;
provided further that it shall not be necessary to make such declaration where the aggregate value of the foreign exchange in the form of currency notes, bank notes or traveler’s cheques brought in by such person at any one time does not exceed US$10,000 (US Dollars ten thousands) or its equivalent and/or the aggregate value of foreign currency notes brought in by such person at any one time does not exceed US$ 5,000 (US Dollars five thousands) or its equivalent.