Amendment in Para 2.25 of Foreign Trade Policy, 2015-20

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....0. S.O. (E): - In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends Para 2.25 of Foreign Trade Policy (FTP), 2015-2020 as under: Existing Para 2.25 of FTP, 2015-2020 Revised Para 2.25 of FTP, 2015-2020 Import of gifts shall be 'free&#3....

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....biting import of goods, including those purchased from e-commerce portals, through post or courier, where Customs clearance is sought as gifts, except for life saving drugs / medicines and Rakhi (but not gifts related to Rakhi). Rakhi will be exempted as under Section 25(6) of Customs Act, 1962. Further, import of goods as gifts with payment of full applicable duty is permissible. This issues wit....