https://www.taxtmi.com/acts?id=16107 Articles gifted for personal use whose market value in India on the date of gift does not exceed one lakh rupees are excluded from the definition of foreign contribution under sub-clause (i) of clause (h) of sub-section (1) of section (2) of the Foreign Contribution (Regulation) Rules, 2011; exclusion applies to articles given to a person for personal use and is determined by market value in India on the date of the gift. en-us Thu, 19 Apr 2012 09:43:33 +0530 Fri, 30 May 2025 12:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16107 Articles gifted for personal use whose market value in India on the date of gift does not exceed one lakh rupees are excluded from the definition of foreign contribution under sub-clause (i) of clause (h) of sub-section (1) of section (2) of the Foreign Contribution (Regulation) Rules, 2011; exclusion applies to articles given to a person for personal use and is determined by market value in India on the date of the gift. Act-Rules FEMA Thu, 19 Apr 2012 09:43:33 +0530 https://www.taxtmi.com/acts?id=16107