DGFT revises Para 2.25 of Foreign Trade Policy, 2015-2020

Dec 16, 2019 | by Avantis RegTech Legal Research Team

Finance & Taxation Compliance

The Directorate General of Foreign Trade (DGFT) on December 12, 2019, has revised the Para 2.25 of Foreign Trade Policy (FTP), 2015-2020.

However, DGFT revised Para 2.25 of FTP 2015-20, prohibiting import of goods, including those purchased from e-commerce portals, through post or courier, where Customs is sought as gifts, except for life saving drugs or medicines and Rakhi (but not gifts related to Rakhi). Rakhi will be exempted as under Section 25(6) of the Customs Act, 1962, which specifies certain cases where export duty has been refunded. Further, import of goods as gifts with payment of full applicable duty is permissible.

[Notification No. 35/2015-2020]


Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.