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Extend Currency Certificate For Free

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Extend Currency Certificate For Free FAQ

How long can I keep foreign currency in India?

As per the Reserve Bank of India, you can indefinitely retain foreign exchange up to US$ 2,000 in the form of foreign currency notes or travellers' cheques (TCs) for future use.

What is the limit of currency conversion?

How much foreign exchange can I buy in India for the purpose of travelling abroad? You can buy a maximum of 2,50,000 USD per head or its equivalent in any other currency per trip abroad or in multiple trips abroad per financial year. Out of this, 3, 000 USD or equivalent can be taken abroad as cash (Currency).

What is the time limit for import payment?

B.5.1. (i) In terms of the extant regulations, remittances against imports should be completed not later than six months from the date of shipment, except in cases where amounts are withheld towards guarantee of performance, etc.

What is the time limit for deferred payment arrangements?

Deferred payment arrangements, including suppliers and buyers credit, providing for payments beyond a period of six months from date of shipment up to a period of less than three years, are treated as trade credits for which the procedural guidelines laid down in the Master Circular for External Commercial Borrowings ...

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