CUS NTF NO. 87/1999 ATE 06/07/1999
Gold including ornaments imported by passengers - Amendment to Notification No. 171/93-Cus.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India,in the Ministry of Finance (Department of Revenue),
No.171/93-Customs, dated the 16th September, 1993, namely:
In the said notification, -
- for proviso, the following proviso shall be substituted, namely:-
"provided that the value of such bonafied gifts imported by post or as air-freight does not exceed rupees five thousand,";
- for Explanation, the following Explanation shall be substituted, namely:-
"Explanation:- For the purposes of this notification, postal charges or air-freight shall not be taken into account for determining the value limit of rupees five thousand".
Sd/-
(Rajendra Singh)
Under Secretary to the Government of India
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