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DGFT Foreign Trade Policy Exim Policy (01/04/2003 to 31/08/2004) Para 2.32

2.32

Goods, including edible items, of value not exceeding Rs.5,00,000/- in a licensing year, may be exported as gift. However, items mentioned as restricted for exports in ITC(HS) shall not be exported as gift, without a licence/certificate/permission.

(Para 2.32 has been amended vide NTF. No. 28/2003, DT. 28/01/2004)

[OLD -
Goods, including edible items, of value not exceeding Rs.1,00,000/- in a licensing year, may be exported as a gift. However, items mentioned as restricted for exports in ITC(HS) shall not be exported as a gift, without a licence/certificate/permission, except in the case of edible items. ]

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