Exemption threshold for bona-fide gifts increased, expanding duty-free eligibility for courier imports excluding alcoholic drinks. The notification amends Notification No.171/93-Customs by substituting a higher monetary limit in the Explanation, thereby increasing the duty-free threshold for bona-fide gifts imported through courier or falling under Heading 98.04 (excluding alcoholic drinks) and expanding the scope of items exempt from customs duty under the existing exemption provision.
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Exemption threshold for bona-fide gifts increased, expanding duty-free eligibility for courier imports excluding alcoholic drinks.
The notification amends Notification No.171/93-Customs by substituting a higher monetary limit in the Explanation, thereby increasing the duty-free threshold for bona-fide gifts imported through courier or falling under Heading 98.04 (excluding alcoholic drinks) and expanding the scope of items exempt from customs duty under the existing exemption provision.
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