Consignment value threshold for courier clearance increased, altering applicability while exempting certain MEIS-notified consignments. Amendment raises the consignment value threshold used to determine eligibility for simplified courier import and export clearance by substituting higher monetary limits into specified provisos and sub-clauses of regulation 2(2)(e) and the first proviso to regulation 6(3). It also clarifies that the amended sub-clause does not apply to goods notified in Appendix 3C of the Foreign Trade Policy under the Merchandise Exports from India Scheme when such consignments are within the stated value ceiling and involve foreign exchange transactions.
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Consignment value threshold for courier clearance increased, altering applicability while exempting certain MEIS-notified consignments.
Amendment raises the consignment value threshold used to determine eligibility for simplified courier import and export clearance by substituting higher monetary limits into specified provisos and sub-clauses of regulation 2(2)(e) and the first proviso to regulation 6(3). It also clarifies that the amended sub-clause does not apply to goods notified in Appendix 3C of the Foreign Trade Policy under the Merchandise Exports from India Scheme when such consignments are within the stated value ceiling and involve foreign exchange transactions.
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