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All › FEMA › FEMA - 1989
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No. S.O. 298(E) - Dated: 21-04-1989 - FCRA FEMA
Foreign Contribution (Acceptance or Retention of Gifts or Presentations) Amendment Regulations, 1989
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Delegation gift retention rules permit aggregation where combined Indian market value remains within the prescribed threshold.
The intimation requirement under regulation 3(2) is extended to the leader of the Indian delegation. Where the leader considers that the market value in India of a gift or presentation exceeds Rs. 1,000, and issues a written direction, the recipient must comply with the applicable regulatory requirements. Retention of multiple gifts or presentations received during a single delegation is permitted where their aggregate market value in India does not exceed Rs. 1,000.

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