Cash above Rs 25,000 must be declared while travelling abroad

DECCAN CHRONICLE | PAWAN BALI
Published Aug 20, 2015, 10:15 am IST
Updated Mar 28, 2019, 3:42 am IST
For passengers from China, Nepal, Bhutan and Burma, the duty-free limit is Rs 6,000
Representational Image (Photo: PTI)
 Representational Image (Photo: PTI)

New Delhi: Passengers flying into India will now be able to bring foreign goods worth Rs 45,000 without having to pay any tax at the customs. This means Indians travelling abroad for holidays and short business trips can shop more without worrying about paying taxes at customs.

Passengers will now have to declare Indian currency they are carrying if it is over Rs 25,000. This limit was earlier at Rs 7,500, which was raised to Rs 10,000 in 2014. The finance ministry notified new rules under the Customs Baggage Declaration (Amendment) Regulations, 2015.

 

The duty free allowance has also been raised to Rs 45,000 from Rs 35,000 allowing people to bring more goods from abroad. Any item after duty-free allowance will attract customs duty of 36.05 per cent. For passengers from China, Nepal, Bhutan and Burma, the duty-free limit is Rs 6,000.

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