Tuesday, February 18, 2014

New rules to curb gold mules, customs duty fraud in India

New Delhi: New customs rules to be implemented from next month will require all passengers flying into India to self-declare currency exceeding Rs10,000, gold jewellery and gold bullion in their possession, according to a leading Indian paper.
The Times of India reported that passengers will also be required to declare number of baggage, including hand-carried baggage, while entering into India, new rules introduced by the finance ministry state.
The Customs Baggage Declaration (Amendment) Regulations of 2014 require an Indian citizen to fill up the immigration form only when he or she goes out of the country. Indian citizens returning from abroad are not required to fill up the form, it added.
The rules will kick in on March 1, according to a finance ministry notice dated February 10.
17/02/14 Gulf News
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