The Directorate General of Foreign Trade (DGFT) clarified that the goods imported as gifts can be allowed import free (i.e. without prohibition) on payment of full applicable duties. Since the goods imported as gifts would be personal imports, the full applicable duties will be as follows (a) Basic Customs Duty at the applicable tariff rate […]
The post Goods Imported as Gifts can be allowed Import Free on payment of Full Applicable Fees: DGFT [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
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