Baggage Rules
This query is : Resolved
Manish Goyal
(Querist)
02 December 2010
In baggage rules if we visit for more than 3 days Item of Rs 25000 are allowed free. Pls. Tell me if we bring a TV then how we will judge its value.
1. As per Indian market rate or
2. As per foreign currency converted into Indian currency we paid for the item.
1. As per Indian market rate or
2. As per foreign currency converted into Indian currency we paid for the item.
RAMESH KUMAR VERMA
(Expert)
20 December 2010
actually, custom shall valuation of this item as per prescribed law
if it is usd 200 , current rate is (iusd =40 rs.) *200*40
inr =8000
the passenger must kept the invoice bill of the said item.
for more info:-
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-rulef.htm
(2)
https://www.cbec.gov.in/faq.htm
if it is usd 200 , current rate is (iusd =40 rs.) *200*40
inr =8000
the passenger must kept the invoice bill of the said item.
for more info:-
https://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-rulef.htm
(2)
https://www.cbec.gov.in/faq.htm
Manish Goyal
(Querist)
25 December 2010
Thanks Mr. Verma for clearing my confusion. Thanks Alot
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