Customs threshold increase expands courier consignment value limits and excludes certain MEIS goods in foreign exchange transactions. The 2018 amendment replaces the proviso to regulation 2(2)(b) to exclude goods notified in Appendix 3C under the Merchandise Exports from India Scheme from that sub-clause when in consignments of value up to five lakh rupees involving foreign exchange transactions, and increases the monetary threshold in regulation 2(2)(c)(ii) from twenty five thousand to five lakh rupees at both occurrences.
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Provisions expressly mentioned in the judgment/order text.
Customs threshold increase expands courier consignment value limits and excludes certain MEIS goods in foreign exchange transactions.
The 2018 amendment replaces the proviso to regulation 2(2)(b) to exclude goods notified in Appendix 3C under the Merchandise Exports from India Scheme from that sub-clause when in consignments of value up to five lakh rupees involving foreign exchange transactions, and increases the monetary threshold in regulation 2(2)(c)(ii) from twenty five thousand to five lakh rupees at both occurrences.
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