New public notice clarifies courier import duties, gift taxation, required KYC and exemptions under customs, FTP 2023 rules

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Full Text of the Document

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....Public notice clarifies procedures and duty structure for imports into India via courier, parcel, and postal modes at designated terminals. It confirms that such imports are governed by the Courier Imports and Exports Regulations, FPO Regulations, Customs Tariff Act, and Foreign Trade Policy 2023. Duty varies by category: B2B consignments as per tariff; personal B2C imports at an effective 30.98% (including BCD, SWS, IGST); and gifts (C2C, no monetary consideration) at 41.60%, with gifts expressly not exempt. Certain specified goods may receive exemptions or concessional duty subject to notifications and proper declarations. Accurate KYC documentation matching booking details is mandatory to avoid delays. The notice is subject to future policy and duty amendments.....