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Govt hikes electronic goods import limit for personal use

Government has substantially raised the limit for import of electronic goods ‘through post or otherwise’ for personal use to Rs 50,000 from Rs 2,000 earlier. “CIF (Cost, Insurance and Freight) value of import of consumer electronic items at any one time by any person through post or otherwise for personal use is enhanced to Rs 50,000,” the Directorate General of Foreign Trade (DGFT) said in a notification. Commenting on the move, Federation of Indian Export Organisations said that the notification means that even if such products are otherwise restricted for imports, they can be imported without import licence for personal use.

Source:http://www.moneycontrol.com/news/current-affairs/govt-hikes-electronic-goods-import-limit-for-personal-use_7288321.html

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