I am stuck up and hope you might have the correct answer.
How much cash can one carry in person as per Indian law? Also state the relevant law. My friends from other countries can state the limits as per their country's laws.
A person coming into India from abroad can bring with him foreign exchange without any limit. However, where the aggregate value of foreign exchange in the form of foreign currency notes, bank notes, travelers' checks, etc., exceeds $10,000 (out of which there is a separate ceiling on currency notes of $5,000) it should be declared to the customs authorities at the port of arrival in the Currency Declaration Form.
THIS is reply from A n Shanbhag, an expert