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<h1>Finance Ministry Updates Courier Imports and Exports Rules: Monetary Threshold Increased to Ten Lakh from April 2023.</h1> The Ministry of Finance, through the Central Board of Indirect Taxes and Customs, has issued Notification No. 22/2023 to amend the Courier Imports and Exports (Clearance) Regulations, 1998. Effective from April 1, 2023, these amendments involve changes in regulation 2, sub-regulation (2), clause (e), where a proviso is deleted, and punctuation is modified. Additionally, in sub-clause (v) and regulation 6, sub-regulation (3), the monetary threshold is increased from 'five lakh' to 'ten lakh.' This notification updates the regulations initially established in 1998 and last amended in 2021.