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Electronic Goods Import Limit Raised to Rs 50000 - Discussion


kmkaks

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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.

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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

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