Good news for passengers carrying foreign goods
Posted on: 20/Aug/2015 10:04:17 AM
Finance ministry has notified new rules under the Customs Baggage Declaration (Amendment) Regulations, 2015.
As per the above rules passengers flying into India will now be able to bring foreign goods worth Rs 45,000 without having to pay any tax at the customs.
This means Indians travelling abroad for holidays and short business trips (over three days) can do more shopping without having to worry about paying taxes at customs. Passengers will now have to declare Indian currency if they are carrying over Rs 25,000. This limit was earlier at Rs 7,500, which was raised to Rs 10,000 in 2014. Now this has been further liberalized.
The duty-free allowance has also been raised to Rs 45,000 from Rs 35,000 allowing people to bring more goods from foreign country. Any item after duty free allowance will attract customs duty of 36.05 per cent. One laptop computer (notebook computer) over and above the free allowances is also allowed duty free. Passengers will also have to now declare whether they are carrying flat panel (LCD, LED or plasma) television.
