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of <h1>New Rules for Importing Gifts: Lifesaving Drugs & Rakhis Allowed; Full Duties Apply, No Rs. 2000 Cap Anymore.</h1> The circular clarifies the regulations on importing gifts through post or courier. Imports labeled as gifts are prohibited unless they are lifesaving drugs, medicines, or Rakhis (excluding Rakhi-related gifts). Goods can be imported as gifts without prohibition if full applicable duties are paid, including a 35% Basic Customs Duty and a 28% IGST. The exemption for lifesaving drugs remains unchanged. The document also notes the removal of a previous Rs. 2000 value cap on personal imports. Customs officers are advised to adhere to valuation rules to prevent undervaluation. The notice urges trade associations to disseminate this information.
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