Bringing money


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jethro   
Member since: Sep 04
Posts: 12
Location: new delhi, india

Post ID: #PID Posted on: 16-07-10 23:27:01

Hi,
Is it necessary to have the passport stamped with the amount of foreign exchange that you are bringing into Canada?
Or will the receipt from the foreign exchange dealer in India suffice for Indian authorities at the airport?
Please if someone has the answer.



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 27-07-10 07:20:10

I do not think PR will fall under "private visit." This is what RBI has to say:

http://www.rbi.org.in/commonman/English/scripts/Notification.aspx?Id=227

4. It is clarified that where a person is going abroad for a purpose other than a private visit it is not mandatory for authorised dealers to endorse the amount of foreign exchange sold for such travel on the traveller's passport . However, wherever foreign exchange is sold for a private visit i.e. travellers availing Basic Travel Quota (BTQ) it should invariably be endorsed on the traveller's passport under the authorised dealer’s stamp, date and signature.


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