It’s time to celebrate if you are travelling to India and plan to do some Duty Free Shopping. If you are one of those persons who travels around a lot and loves to do some duty-free shopping on the way, then you’ve got reason to smile. Well, there has been a recent hike in the amount for which flyers can buy Duty Free products from International airports across India – Yes there is a 5 times hike in Duty Free Shopping Limit in India.
Duty Free Shopping Limit Raised – What’s all the excitement about?
It’s about the recent five times jump in the amount for which passengers can do Duty Free Shopping. The amount prior to the increase was limited to Rs 5000/- only and now it’s a startling Rs 25,000/–
This change was brought about keeping in mind the constant ire and annoyance of passengers, when they repeatedly complained that the limit to purchase Duty Free Goods was not sufficient enough and needed to be revised.
They cited instructions that had been issued by the Reserve Bank of India (RBI) last year that allowed export and import from and into India of up to Rs 25,000/- but not exceeding that.
…passengers can now purchase goods at Duty Free shops in Indian rupees upto ₹ 25,000 as against the earlier ceiling of ₹ 5000/-“
– Said a senior customs officer while citing a recent order by the Central Board of Excise and Customs (CBEC).
On the other hand, Duty Free shop operators have also been requested to display the exchange rates as published by the commercial banks for conversion of foreign currency or the exchange rate notified by CBEC itself, on a fortnightly basis for the import and export of goods.
What essentially are CBEC’s recent orders in regards to Duty Free Shopping Limits being raised?
In simple terms, here’s what the changes are to the rule and what you need to know:
- CBEC has allowed passengers a Duty Free shopping limit for up to the amount of INR 25,000 from the international airports within the country. This limit is to not to be exceeded under any circumstance.
- The senior Customs official of the airports are to ensure that the information related to the use of Indian Currency is to be displayed at all Duty Free shops within the boundaries of the airport authority.
- Additionally, the various websites of such Duty Free stores or the airports must be accurately updated in terms of the facility and limits in use of the Indian currency while making purchases.
- The Duty Free shop operators have also been asked to display the prices of goods in INR at the earliest.
So, keep calm and shop away to your heart’s content when you land, afterall shopping is always a good idea. But having said that, it is still desirable to get the most within the duty free shopping limits of the country you are shopping from.
This can be done if you know the right prices and from where you can buy the products at the lowest duty free price. It is pretty simple to do that, actually. Just visit DutyFree.buzz and compare prices online. To know how to use the simple site, click here.