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of <h1>India Raises Gift Import Limit via Post or Air Freight from Rs. 10,000 to Rs. 20,000 under Customs Act.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 13/2016 - Customs to amend Notification No. 171/93-Customs. This amendment increases the value limit for bona fide gifts imported by post or as air freight from Rs. 10,000 to Rs. 20,000. The change is made under the powers conferred by the Customs Act, 1962, and is deemed necessary in the public interest. The amendment updates the specified monetary limits in both the proviso and the explanation sections of the original notification.
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