Limit to handle items from overseas countries
This query is : Resolved
N B S MURTY.
(Querist)
24 February 2015
Respected all.
Please clarify the maximum exempted amount of goods per head to bring overseas countries to India as per coustems Act?
BALU
Please clarify the maximum exempted amount of goods per head to bring overseas countries to India as per coustems Act?
BALU
RAMESH KUMAR VERMA
(Expert)
25 February 2015
Any person can bring into India from a place outside India foreign exchange without any limit. However, declaration of foreign exchange/currency is required to be made in the prescribed Currency Declaration Form in the following cases:-
(a) Where the value of foreign currency notes exceeds US$ 5,000/- or equivalent
(b) Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent
login below link:
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/bgge-rules1998-ason11July2014.htm
(a) Where the value of foreign currency notes exceeds US$ 5,000/- or equivalent
(b) Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent
login below link:
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/bgge-rules1998-ason11July2014.htm
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