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Wednesday, August 31, 2016

Good news for importing consumer electronics goods for personal use

Foreign trade policy - enhanced limit from C.I.F Rs 2000 to Rs 50,000 for importing consumer electronics goods through Postal Channel or personal use.

Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No. 22/2015-2020
New Delhi, Dated 12 August, 2016
S.O. - In exercise of powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992, the Central Government hereby amends Clause 3(1)(i)(h) of Foreign Trade (Exemption from application of Rules in certain cases) order, 1993 as under:
Existing provisionAmended provision
Consumer electronic items (except hearing aids and life-saving equipments, apparatus and appliances and parts thereof): Provided that the c.i.f. value of goods imported as aforesaid at any one time shall not exceed rupees two thousandConsumer electronic items (except hearing aids and life-saving equipments, apparatus and appliances and parts thereof): Provided that the c.i.f. value of goods imported as aforesaid at any one time shall not exceed rupees fifty thousand
Effect of the notification: C.I.F. value of import of consumer electronic items at any one time by any person through post or otherwise for personal use is enhanced to Rs. 50,000.
(Anup Wadhawan)

Director General of Foreign Trade
E-mail: dgft[at]nic[dot]in
Issued from F. No. 01/93/180/16/AM-16/PC-2(B)

Good news for importing consumer electronics goods for personal use

Foreign trade policy - enhanced limit from C.I.F Rs 2000 to Rs 50,000 for importing consumer electronics goods through Postal Channel or personal use.

Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No. 22/2015-2020
New Delhi, Dated 12 August, 2016
S.O. - In exercise of powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992, the Central Government hereby amends Clause 3(1)(i)(h) of Foreign Trade (Exemption from application of Rules in certain cases) order, 1993 as under:
Existing provisionAmended provision
Consumer electronic items (except hearing aids and life-saving equipments, apparatus and appliances and parts thereof): Provided that the c.i.f. value of goods imported as aforesaid at any one time shall not exceed rupees two thousandConsumer electronic items (except hearing aids and life-saving equipments, apparatus and appliances and parts thereof): Provided that the c.i.f. value of goods imported as aforesaid at any one time shall not exceed rupees fifty thousand
Effect of the notification: C.I.F. value of import of consumer electronic items at any one time by any person through post or otherwise for personal use is enhanced to Rs. 50,000.
(Anup Wadhawan)

Director General of Foreign Trade
E-mail: dgft[at]nic[dot]in
Issued from F. No. 01/93/180/16/AM-16/PC-2(B)

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