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Do you know your customs rules?

International vacations or business trips can be pretty exciting if you follow the rules to the T. Take note of these important currency pointers so that you don’t spend money where it isn’t needed.

Do not delay the exchange

We all know that we need to exchange our currency while travelling abroad, but do not wait to reach the airport for currency exchange. Make it a point to get it done as and when the rates are favourable. Once you reach the airport, you are left with no choice but to convert your currency irrespective of the current rates. So, act smart and save some money.

Avoid using credit cards

Credit cards definitely come in handy when you run out of cash. However, think twice before using your card, as you may have to pay the currency conversion charges as well as the transaction charges. This will result in giving away loads of your hard-earned money. Hence, avoid using your credit card.

Declare your jewellery

If you are travelling abroad and carrying jewellery, always declare it at the airport during departure and get hold of an export certificate from the Indian Customs. This will ensure that you don’t pay duty when you return.

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