Dear Canadian Dreamsji,
Yes,Sir, U ARE ABSOLUTELY correct.
Amount covering RPRF nd POF is defined /predetermined by cic.The former goes to CHS/Reciver General A/C ND the later is the one which is repatriable for being placed in the applicant's Canadian BANK a/c.RPRF is determined at notional rate applicable over a period of time ND so does POF ,depending upon average CONVERTIBLE market rate of INR viz-a-viz USD. However, amount being carried by the applicant in CAD is converted at the spot rate applicable at the time of RELEASE OF EQUIVALENT AMT. in FR. EXC(CAD).
At POE ,the principal applicant has to declare the amount carried on disebarkment Card given by the Cabin Crew of the Airline which is to be eventually handed over to the Custom depatment manned by CBSA .The attending officer may ask about, or even physically check, the amount decalred on the aforesiad form.
Good luck, MAY GOD BLESS ALL !!!
parhar51