I want to buy a pair of Puma speed cat shoes from U.s, the price is $80, My question is how much would they charge on a pair of shoes costing $80? i have a friend is U.s, can i receive it as a gift?
I want to buy a pair of Puma speed cat shoes from U.s, the price is $80, My question is how much would they charge on a pair of shoes costing $80? i have a friend is U.s, can i receive it as a gift?
All goods imported into India from abroad is liable to duties of Customs under Section 12 of the Customs Act and also is liable to all the restrictions under the Foreign Trade (Development & Regulations) Act 1992. However, the Government has exempted gifts received from abroad by persons residing in India from the whole of duties of Customs and from restriction under FT (D&R) Act. At present, import of goods upto the value of Rs. 5,000/- is allowed as gift, duty free. This exemption is allowed only for bonafide gifts imported by air or post. For the purpose of calculation of this value of Rs. 5,000/- the air freight or postal charges paid are not added. The clarifications that may be needed are as under:
VALUE RELATES TO WHICH COUNTRY:
Whether the value of Rs. 5,000/- means the value of the goods in India or at the country of the sender?
The value of Rs. 5,000/- is the value of the goods in the country from where the goods have been despatched. The sender may not necessarily be residing in the country from where the goods have been despatched.
CAN BE IMPORTED BY SEA :
Whether this concession is allowed for import through Land Border or by Ship?
No, the import has to be only through Air or through Post Parcel.
Who can send the gifts?
Any person abroad can send gifts. There is no specific restriction that only relatives can send the goods. Business associated, friends, relatives, companies or acquaintances can also send the gifts to residents in India.
regards,
thank u sir
WELCOME G.........................
Vermaji can free sample be considered as gift?
FOR FREE GIFT ONE NEEDS TO NHAVE IEC CODE FROM DGFT ?
Hi
I suffer from chronic knee pain and I am looking for equipments which would help me to perform low impact exercise.I recently saw a fitnes equipment which i am very keen on buying https://www.youtube.com/watch?v=67i6d9Hxjgg
There are no distributors in India and I was thinking if it would be possible for me to ask one of my collegues working in USA to bring it for me when he returns back.
What import rules and procedures do I need to follow for the same.The price of the bike is $1800
I was trying to find information online but I cant find any . Please do provide me any relevant or helpful information.
Regards
Neilo
CAclubindia
