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Carrying Forex out of India

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C

Canada1985PR

Newbie
Dec 27, 2020
2
0
Hello all,

I am a Canadian PR holder presently living in Ontario for the last 2 years and I'd like to know what is the limit of Forex that I can carry with my out of India. I plan on travelling to India soon and I would like to bring around $210,000 CAD with me when I return to Canada. I understand that I would have to declare the amount while leaving India and on entering Canada but is there a maximum limit on the amount I can carry (all financial instruments put together)?

I have an option of remitting the amount to Canada directly (through ICICI bank) but the TCS deducted would be nearly 6lakh INR which I would like to avoid paying if there is another way.

Looking forward to your advice.
Regards,
RV
 
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