kmkaks Posted August 18, 2016 Report Share Posted August 18, 2016 Government has substantially raised the limit for import of electronic goods 'through post or otherwise' for personal use to Rs 50,000 from Rs 2,000 earlier. "CIF (Cost, Insuranceand Freight) 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," the Directorate General of Foreign Trade (DGFT) said in a notification. Commenting on the move, Federation of Indian Export Organisations said that the notification means that even if such products are otherwise restricted for imports, they can be imported without import licence for personal use. And Yes this includes game consoles. It would be awesome if someone with actual import experience can help us out with the actual benefits of raising the limit for us IVG'ans. Link to comment Share on other sites More sharing options...
Sukak2r2 Posted August 18, 2016 Report Share Posted August 18, 2016 I would like to know more on this topic too, like from which sites we can import, how to calculate the cif value etc. Link to comment Share on other sites More sharing options...
DinJo Posted August 18, 2016 Report Share Posted August 18, 2016 Firstly it needs to be included in Gazette which might some time to get it implemented, also the sure shot way is to check the HS Code before placing the order whether its covered under exemption or not Link to comment Share on other sites More sharing options...
kmkaks Posted August 18, 2016 Author Report Share Posted August 18, 2016 So does it mean no duty on any imports with total value less than 50,000Rs? How can we get more clarity regarding the alteration in the act? Link to comment Share on other sites More sharing options...
Pshycho_TXC Posted August 19, 2016 Report Share Posted August 19, 2016 I guess there is already thread about this ... http://www.indianvideogamer.com/forums/index.php?showtopic=51063&view=getnewpost No custom duty going to be lifted Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.