What are the best objectives and ways to attain the currency from aboard"?
Answers:
budge to a bank
u
will obtain different currency over here simply
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If you are planning to procure the foreign funds fron in a foreign country and want to mentain it as it is.
1}You can keep hold of upto equivalent USD5000/- but if the amount exceeds later you will enjoy to provide CDC{customs disclosure certificate} and the funds can be severely well tranfered into your commentary.
2}You can retain in the form of RFC{Resident Foreign Currency Deposit}it will be mentained in that currency and will not be converted in to indian rupee.
3}You can mentain it in that form up till 10years but you will enjoy to hang on to on renewing it after every 6months.
4}For any further clarifications please refer the RBI website for FEMA{foreign exchange headship act}Act.
Thank You.