https://www.taxtmi.com/acts?id=8961 Foreign contribution received as a gift or presentation by a member of an Indian delegation is subject to written disclosure, deposit and Toshakhana valuation. The recipient must report the receipt, foreign source, country-of-origin market value, place and date of receipt within the prescribed period, with extended time where received abroad. Gifts are assessed under applicable valuation rules. Items within the retention threshold may be returned, subject to limits on multiple gifts. Items above that threshold remain in the Toshakhana unless the recipient timely exercises a final purchase option by paying the assessed excess. en-us Fri, 17 Oct 2008 13:15:49 +0530 Fri, 11 Sep 2026 11:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8961 Foreign contribution received as a gift or presentation by a member of an Indian delegation is subject to written disclosure, deposit and Toshakhana valuation. The recipient must report the receipt, foreign source, country-of-origin market value, place and date of receipt within the prescribed period, with extended time where received abroad. Gifts are assessed under applicable valuation rules. Items within the retention threshold may be returned, subject to limits on multiple gifts. Items above that threshold remain in the Toshakhana unless the recipient timely exercises a final purchase option by paying the assessed excess. Act-Rules FEMA Fri, 17 Oct 2008 13:15:49 +0530 https://www.taxtmi.com/acts?id=8961