TaxTMI 
TaxTMI 
Foreign Contribution (Acceptance or Retention of Gifts or Presentations) Regulations, 1978
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.... Central Government hereby makes the following regulations with regard to the acceptance or retention of foreign contribution by way of a gift or presentation made to any person specified in section 4 as a member of any Indian delegation, namely :- 1. Short title and commencement:- (1) These regulations may be called the Foreign Contribution (Acceptance or Retention of Gifts or Presentatio....
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....bject to the provisions of this regulation. (2) where such person receives any foreign contribution by way of gift or presentation, he shall, within thirty days of the receipt thereof, intimate to the Secretary to the Govt. of India in the Ministry of Home Affairs, Ministry of External Affairs and the Ministry or the Department of the Government of India sponsoring the delegation of which he is....
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....Ministry or the Department which had sponsored the delegation of which he was the member, within thirty days from the date of intimation by him of such receipt under sub-regulation (2). (4) The Secretary to the Government of India, referred to in sub-regulation (3), shall forward every such gift or presentation deposited with him to the Toshakhana in the Ministry of External Affairs for assessm....
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....tion, such person be entitled to retain only one such gift or presentation. (8) Every such gift or presentation, the market value in India of which, as assessed under sub-regulation (5), exceeds one thousand rupees shall be retained in the Toshakhana : Provided such person shall have the option, that exercised by him within thirty days from the date of receipt by him of the intimation under ....