State the allowability or otherwise of the following with respect to the provisions of the Customs Act, 1962: Gifts through courier from abroad, not being prohibited goods, up to ₹5,000 can be imported duty free.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2016
State the allowability or otherwise of the following with respect to the provisions of the Customs Act, 1962: Gifts through courier from abroad, not being prohibited goods, up to ₹5,000 can be imported duty free.
Answer & Explanation:
False: Gifts through courier or post can be imported duty free upto ₹10,000.
Topics: Indirect Tax
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