https://www.taxtmi.com/acts?id=18570 Foreign gifts or presentations received by members of Indian delegations, or during visits outside India, require written disclosure within the prescribed period. Gifts exceeding the individual or aggregate retention thresholds must be deposited and sent to the Toshakhana for assessment. A designated Board determines market value, with assessment questions decided by the Secretary in the Ministry of Home Affairs. Gifts within the retention threshold may be returned, while recipients may purchase another selected gift by paying the prescribed difference; the exercised option is final. en-us Tue, 08 Apr 2014 13:20:21 +0530 Tue, 01 Sep 2026 14:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18570 Foreign gifts or presentations received by members of Indian delegations, or during visits outside India, require written disclosure within the prescribed period. Gifts exceeding the individual or aggregate retention thresholds must be deposited and sent to the Toshakhana for assessment. A designated Board determines market value, with assessment questions decided by the Secretary in the Ministry of Home Affairs. Gifts within the retention threshold may be returned, while recipients may purchase another selected gift by paying the prescribed difference; the exercised option is final. Act-Rules FEMA Tue, 08 Apr 2014 13:20:21 +0530 https://www.taxtmi.com/acts?id=18570