Mr. Kapoor is a CS and Indian resident. He brought the following items with him while returning to India from USA: (a) Personal Effects of ₹50,000 (b) Jewellery valued at ₹25,000 (c) One Camera costing ₹50,000 (d) Profes

Computation of Customs Duty payable by Mr. Kapoor Sr. No. Particulars Amount (INR) Amount (INR) a Personal effects (Exempt) - b Jewellery 25,000 c One Camera 50,000 d Professional equipment 40,000 e Laptop (Exempt) - f Household goods 30,000 Total Value 1,45,000 Less: G.F.A. (50,000) Assessable value for duty 95,000 Customs duty (@ 36.05% of ₹95,000) 34,248 Note: Period of stay abroad by Mr. Kapoor has not been specified in the question. Hence it has been taken as a short trip. Hence no additional allowance was allowed to households, professional equipment and jewellery. GFA has been increased to ₹50,000 under New Baggage Rules, 2016