Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 govern declaration and handling of foreign exchange brought into or taken out of India by passengers. These regulations apply to persons entering India with foreign currency and prescribe compliance requirements relating to declaration and conversion. The principal regulations were previously amended multiple times, including in 2019, 2020, and most recently in 2025. The present amendment introduces an additional procedural requirement relating to declaration of foreign currency through a prescribed form.

In the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015, after the existing regulations, the following Annex has been inserted:

“Annex
CURRENCY DECLARATION FORM (CDF)
[See Regulation 6]

Instructions for passengers:

1. “This form need not be completed in cases where the aggregate value of the foreign exchange brought in by the passenger in the form of currency notes, bank notes, or travellers’ cheques does not exceed U.S.$ 10,000/- or its equivalent and/or the value of foreign currency notes does not exceed U.S.$ 5,000 or its equivalent.”
2. “Passengers are advised to produce this form to a bank authorised to deal in foreign exchange or money changer at the time of conversion of foreign exchange into Indian rupees or reconversion of rupees into foreign exchange.”
3. “Visitors to India may please note that in case they do not wish to encash all the foreign exchange declared below they should retain this form with them for production to the Customs at the time of their departure from India to enable them to take with them the unutilised balance.”
4. “Details of travellers’ cheques/currency notes need not be furnished.”
5. “Foreign tourists need not indicate their address.”