https://www.taxtmi.com/acts?id=8961 Members of Indian delegations may accept foreign gifts but must notify sponsoring Ministries in writing within thirty days with details including foreign source and approximate market value in the country of origin; gifts must be deposited with the sponsoring Secretary who forwards them to the Toshakhana for market value assessment within thirty days. Gifts below a prescribed assessed threshold are returned for retention (subject to limits); gifts above the threshold are retained by the Toshakhana, though the member may, within thirty days of assessment, purchase the item by paying the difference between assessed value and the threshold. en-us Fri, 17 Oct 2008 13:15:49 +0530 Fri, 27 Jun 2025 16:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8961 Members of Indian delegations may accept foreign gifts but must notify sponsoring Ministries in writing within thirty days with details including foreign source and approximate market value in the country of origin; gifts must be deposited with the sponsoring Secretary who forwards them to the Toshakhana for market value assessment within thirty days. Gifts below a prescribed assessed threshold are returned for retention (subject to limits); gifts above the threshold are retained by the Toshakhana, though the member may, within thirty days of assessment, purchase the item by paying the difference between assessed value and the threshold. Act-Rules FEMA Fri, 17 Oct 2008 13:15:49 +0530 https://www.taxtmi.com/acts?id=8961