INDIA (IN) GIFTS CONSIGNED TO INDIA ARE DUTIABLE
India Foreign Trade department (Director general of foreign trade) has notified with immediate effect that all gifts to India will attract duty. Notification No: 35/2015-2020, Dated: 12th December 2019 informs this change in regulation. The notification covers “Import of goods into India declared as gifts including those purchased from e-commerce portals through post or courier will now attract duties and taxes irrespective of the value of the goods.However lifesaving drugs/medicines and Rakhi (but not gifts related to Rakhi) up to a CIF value of INR 5000 are exempted. The rate of duty on gifts consigned to Individuals will be 42.08% on the CIF value or value considered by Customs (whichever is Higher). Alcoholic Beverages will attract duty of 150% on CIF value or value considered by Customs (whichever is Higher).