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Tag: Flyers To Declare Indian Currency

Flyers,Entering India,Bound to Declare IndianCurrency Over Rs 25k in New Customs Form

[New Delhi]Flyers Entering India Will have to Declare Indian Currency over Rs 25k in New Customs Form
Passengers entering India will now have to declare Indian currency exceeding Rs 25,000 and LCD, LED or Plasma televisions being brought by them in the new customs declaration forms.
According to the new rules, the duty free allowance on cigarettes+cigars+tobacco has been reduced by 50 %
Also, passengers of Indian origin and foreigners of over 10 years of age residing in India and coming from any country other than China+Nepal+Bhutan+ Myanmar can bring goods worth Rs 45,000 along with them. Earlier, this limit was Rs 35,000.
All flyers coming to India will need to declare Indian currency exceeding Rs 25,000, said the Customs Baggage Declaration (Amendment) Regulations, 2015, notified on Tuesday by the Finance Ministry.
Earlier, they were supposed to declare any amount exceeding Rs 10,000 being brought by them.
The form presently has fields for declaration of dutiable and prohibited goods, gold jewellery and bullion satellite phone and foreign currency notes exceeding USD 5,000 or equivalent.
The passengers also need to mention about meat, meat products, fish, dairy and poultry products, seeds, plants, fruits, flowers, other planting material and aggregate value of foreign exchange including currency exceeding USD 10,000 or equivalent in the existing customs form.
Further, Flyers had to report to ‘Red Channel’ for payment of duty if they were carrying any such items.