STOCK MARKET BSE NSE

Rupee Declaration Cap for Flyers to India is now 10K

Air travellers visiting the country will have to declare Indian money exceeding `10,000 upon their arrival, as per the amended custom baggage rules effective from March 1.

Published: 17th February 2014 06:00 AM  |   Last Updated: 17th February 2014 01:14 AM   |  A+A-

Air travellers visiting the country will have to declare Indian money exceeding Rs 10,000 upon their arrival, as per the amended custom baggage rules effective from March 1.

They will also need to declare the number of baggage including hand baggage in the customs declaration form.

In a February 10, 2014 a notification, the Ministry of Finance made these two changes in the rules.

Earlier, the ceiling was fixed at Rs 7,500 under the Customs Baggage Declaration Regulations, 2013.

Satellite phones, gold bullion, gold jewellery, meat and meat products, aggregate value of foreign exchange including currency exceeding $10,000, seeds, fruits and plant material have been retained in the list of articles to be declared.

An Indian citizen needs to fill up the immigration form only when he or she goes out of the country. There will be no immigration form for Indian citizens returning from abroad. In August last year, the government amended the rules, adding LCD/ LED/plasma televisions to this list. A male Indian passenger residing abroad for over a year is allowed to bring jewellery worth Rs 50,000 free of duty. The ceiling for similar female Indian passengers is Rs 1 lakh.

Items prohibited for import include maps and literature showing Indian external boundaries incorrectly, narcotic drugs and psychotropic substances, wildlife products, goods violating intellectual property rights, counterfeit currency and specified birds and animals.

An Indian passenger working abroad will be allowed to carry household articles worth Rs 12,000 if he or she is returning after three months. The ceiling will go up to Rs 75, 000, if she is returning after a year.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp