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of <h1>New Circular Explains Gift Import Rules: Restrictions Apply Except for Life-Saving Drugs, Medicines, and Rakhi; Duties Detailed.</h1> The circular clarifies the import regulations for gifts, referencing the DGFT Notification 35/2015-2020 and its interaction with Notification 50/2017-Customs. It prohibits the import of goods as gifts through post or courier, except for life-saving drugs, medicines, and Rakhi, unless full duties are paid. The applicable duties include a 35% Basic Customs Duty and a 28% IGST. The circular also notes the obsolescence of Instruction 9/2017-Customs due to amendments in the Foreign Trade Order, removing the value cap for personal imports. Officers are advised to adhere to customs valuation rules to prevent undervaluation.
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