What are the conditions for availing benefit of Transfer of Residence?
Transfer of Residence : – Transfer of Residence (TR) is a facility providedto a person (either an Indian or a foreign passport holder, whether a minor or not and even a student) who intends to transfer his/her residence to India after a stay abroad of at least two years. This facility allows the person and his/her family to import personal and household articles free of duty and certain other listed items on payment of a concessional rate of duty. Conditions of eligibility for availing Transfer of Residence :- 1. Minimum stay of two years abroad, immediately preceding the date of the passenger’s arrival on transfer of residence. ( Shortfall of up to 2 months in stay abroad can be condoned by Assistant Commissioner of Customs if the early return is on account of – (i) terminal leave or vacation being availed of by the passenger, or (ii) any other special circumstances.) 2. Total stay in India on short visits during the 2 preceding years should not exceed 6 months. ( Commissioner of Cust
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