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of <h1>Exemption for Bona Fide Gifts Under Customs Act 1962 Rescinded; Value Limit Raised to Rs. 20,000 Before July 2017 Repeal.</h1> The notification, effective from September 16, 1993, exempts bona fide gifts, excluding alcoholic drinks, from customs duty if imported through courier or classified under Heading No. 98.04. This exemption applies under the Customs Act, 1962, and is valid provided the gift's value does not exceed 20,000 rupees, excluding postal or air freight charges. The notification supersedes a previous one from July 25, 1991, and has been amended several times, with the most recent amendment in 2016 adjusting the value limit from 10,000 to 20,000 rupees. The exemption was rescinded effective July 1, 2017.
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