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Is one required to follow complete export procedure when a gift parcel is sent outside India?

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Is one required to follow complete export procedure when a gift parcel is sent outside India?

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A person resident in India is free to send (export) any gift article of value not exceeding Rs. 5,00,000 provided export of that item is not prohibited under the extant Foreign Trade Policy and exporter submits a declaration that goods of gift are not more than Rs. 5,00,000 in value.

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