ClarificationForeign Exchange Management Act, 1999
Official PDF (p. 76)Foreign Exchange Management Act, 1999 · Rule 8 & FEMA Regulations
Foreign Currency Declaration Ceilings (US$5,000 Cash / US$10,000 Total) and Pet Import Rules
Applicable from 2026-12
Attempt Applicability
2026-06:Excluded
2026-12:Applies
Statutory Comparison
Prior PositionPre-amendment
Disjointed guidelines between customs and RBI FEMA circulars.
New PositionAmended
Declaration in Form CBD-I / Currency Declaration Form (CDF) is mandatory if foreign currency notes exceed US$5,000 OR total foreign exchange exceeds US$10,000. Mandatory Red Channel. Up to 1 pet dog/cat allowed for returning residents after 2 years abroad at 6 designated airports with AQCS quarantine certificate.
Affected Syllabus Chapters
indirect-tax-laws-and-practice
customs-procedures-baggage-and-courier-post
Code: customs-procedures-baggage-and-courier-post
Authority Document Reference
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