As, we know we import many things from the other countries and export also but the quantity and amount of goods we export is less than as we compared to imported goods.
We have different ministries for different works and from that there is a ministry of finance under the department of revenue which is responsible for the indirect taxes from any of the imported and exported goods.
Recently, our government became very serious regarding the issue of imported goods of gifts items which comes under courier.
GIFT ITEMS:-
Any imported goods which value is less than 5000 rs and maximum weight upto 20 kgs are considered as gift items or samples.
if the value or weight exceeds than it is considered as dutiable item and duty must be levied which is approx 42% of the value of the goods and change according to the change in the government policies but mostly courier packets are released which is more than both crieteria so, government is now became so serious on this issue.
and In this there are some greedy person who just to earn some money do illegal things.
THINGS DONE BY THE GOVT. TO STOP THIS:-
1) 100% examination of the courier parcels and if it seems to be increased in the value of the goods than they have to pay duty.
2) only 2000 bags per day is cleared. which slows down the import.
as, if they didn't clear there shipment in the said time than custodian will charge them demurrage.
THANK YOU FOR READING THIS...
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