More info here:
http://economictimes.indiatimes.com/news/nri/visa-and-immigration/flyers-have-to-declare-over-rs-10000-in-new-immigration-form/articleshow/30507689.cms
NEW DELHI: Passengers flying into India will have to declare Indian currency exceeding Rs 10,000 being brought by them, according to new customs rules which will be implemented from next month.
Besides, they will also be asked to declare number of baggage, including hand baggage, while entering into India, said the new rules notified by the Finance Ministry.
According to new rules under Customs Baggage Declaration (Amendment) Regulations, 2014, an Indian citizen would need to fill up the immigration form only when he or she goes out of the country. There will be no immigration form for Indian citizens returning from abroad. The regulations will be implemented from March 1, said a notification issued on February 10 by the Finance Ministry
I still remember, I needed to declare currency if exceeds more than Rs. 10,000. 15 years back.
For the Govt, the money value hasn't gone down.
A dinner with your family in a upper middle class restaurant itself would get close to 10,000.
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The weak died on the way,
Only the strong arrived.
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