27 July 2012
I want to import an ipad from china (purchased through online seller) as a gift for my brother who is residing in the same city where i am also. The total cost inclusive of shipping charges comes to Rs 9400. Please let me know whether customs will levy duty on the item imported if item is shown as GIFT on customs declaration. If so, What are the document or procedures required to convince the customs that the item is a gift? Is my brother liable to pay duty as he is getting the item free ( as payment is made by me) <br> If customs has levied duty what should i do. To whom i have to contact for help.
28 July 2012
As per the latest customs manual 2012, customs department itself has given a provision for import of gifts through post free of duty upto value of Rs 10000.
I am suprised to see that you have compared by IPAD which is less than Rs 10000 with that of a Ferrari car!
31 July 2012
as per foreign trade policy 2009-2014, Para 2.32 "Goods including edible items of value not exceeding 5,00,000/-in a licensing year , may be exported as a gift.
CAclubindia
