GSTnews item16 August 2016

Govt hikes electronic goods import limit for personal use

News Update

Govt hikes electronic goods import limit for personal use

Published Date: Aug 17, 2016
Source: ICAI PD Committee
Government has substantially raised the limit for import of electronic goods 'through post or otherwise' for personal use to Rs 50,000 from Rs 2,000 earlier. "CIF (Cost, Insurance and Freight) value of import of consumer electronic items at any one time by any person through post or otherwise for personal use is enhanced to Rs 50,000," the Directorate General of Foreign Trade (DGFT) said in a notification.
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Govt hikes electronic goods import limit for personal use