Fivefold hike to Rs 25,000 in limit for flyers to buy duty-free goods
There has been a fivefold jump to Rs 25,000 for flyers to buy goods from duty-free shops at international airports across the country.india Updated: Jul 11, 2016 17:33 IST
There has been a fivefold jump to Rs 25,000 for flyers to buy goods from duty-free shops at international airports across the country.
Earlier, they could buy goods worth only Rs 5,000,
Citing a recent order by the Central Board of Excise and Customs (CBEC), a senior customs official said the duty-free shop operators have also been advised to display the rate of exchange published by the commercial banks for conversion of foreign currency or the rate of exchange notified by the CBEC on a fortnightly basis for import and export of goods.
The senior customs officials in-charge of the airports have been asked to ensure that information relating to the use of Indian currency should be displayed at all the duty-free shops.
The duty-free shops operators have been asked to display the prices of goods in Indian Rupees at the earliest.