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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Export of goods as gifts: permissible annual value raised to Rs.5,00,000 per exporter; declaration required</h1> Increase of permissible value for export of goods by way of gift: the existing cap of Rs.1,00,000 per exporter has been raised to Rs.5,00,000 per annum, thereby permitting exporters to ship goods as gifts up to that aggregate annual value subject to the prescribed declaration requirement; this liberalisation takes immediate effect and Authorised Dealers must notify their constituents. Amendments to the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 implementing this change will be notified separately. The direction is issued under the statutory powers conferred by FEMA.
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