DIPAK SANGHAVI (Business) (23 Points)
02 May 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 May 2021
Yes, I think it is permitted now. Here is the link for the notification.
https://www.caclubindia.com/news/import-oxygen-concentrators-personal-use-permitted-customs-clearance-sought-gifts-till-31st-july-2021-20085.asp
DIPAK SANGHAVI
(Business)
(23 Points)
Replied 02 May 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 May 2021
Prima facie all gifts appears to be exempted. Need to go thru the FTP for better understanding.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 May 2021
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 02 June 2021
Customs duty is payable on import by way of gift.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
