GSTnews item19 August 2015

Now, Flyers Have to Declare Over Rs 25,000 in New Customs Form

News Update

Now, Flyers Have to Declare Over Rs 25,000 in New Customs Form

Published Date: Aug 20, 2015
Source: ICAI PD Committee
Passengers entering India will now have to declare Indian currency exceeding Rs 25,000 and LCD, LED or Plasma televisions being brought by them in the new customs declaration forms. According to the new rules, the duty free allowance on cigarettes, cigars and tobacco has been reduced by 50 per cent. Also, passengers of Indian origin and foreigners of over 10 years of age residing in India and coming from any country other than China, Nepal, Bhutan and Myanmar can bring goods worth Rs 45,000 along with them. Earlier, this limit was Rs 35,000.
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