Business Other News 12 Jul 2016 Duty-free limit hike ...

Duty-free limit hiked to Rs 25,000

DECCAN CHRONICLE.
Published Jul 12, 2016, 1:55 am IST
Updated Jul 12, 2016, 1:55 am IST
The move follows complaints from the travellers that the limit was low and needed to be revised.
The current limit was Rs 5,000. (Representational image)
 The current limit was Rs 5,000. (Representational image)

New Delhi: In a five-time jump, people coming from abroad can now buy goods worth Rs 25,000 from duty-free shops at international airports across the country. The current limit was Rs 5,000.

“It has been decided that in consonance with the regulation of the RBI, passengers shall be permitted to purchase goods at duty-free shops in Indian Rupees up to an amount not exceeding Rs 25,000,” said a circular issued by Central Board of Excise and Customs last week.

 

The move follows complaints from the travellers that the limit was low and needed to be revised. They had cited instructions issued late last year by the RBI that permitted export from and import into India of Indian currency up to an amount not exceeding Rs 25,000.

The CBEC also said that it has got representations from travellers that duty-free shops neither display prices in Indian Rupees nor display India made goods at duty free shops.

...
Location: India, Delhi, New Delhi




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