Foreign gift retention requires timely disclosure, valuation, deposit above thresholds, and limited return or purchase options. Foreign gifts or presentations received by members of Indian delegations, or during visits outside India, require written disclosure within the prescribed ... Summary
Foreign gift retention requires timely disclosure, valuation, deposit above thresholds, and limited return or purchase options.
Foreign gifts or presentations received by members of Indian delegations, or during visits outside India, require written disclosure within the prescribed period. Gifts exceeding the individual or aggregate retention thresholds must be deposited and sent to the Toshakhana for assessment. A designated Board determines market value, with assessment questions decided by the Secretary in the Ministry of Home Affairs. Gifts within the retention threshold may be returned, while recipients may purchase another selected gift by paying the prescribed difference; the exercised option is final.
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