I am an Indian resident travelling from Belgium to Mumbai after a short stay of 2 months. I am carrying following things with me intended to give as gifts to family and friends.
1. Jewelry valued at approx INR 58000 2. Other gifts and soveniers valued at approx INR 24000 (Articles include watches and perfumes)
Could you let me know if I need to pay customs duty on all of the above and approx how much will I need to pay?
CAclubindia
