You are on page 1of 3

2/11/2016

Whattodeclareatthecustomswhiletravellingabroadtimesofindiaeconomictimes
LogIn / Join

Indiatimes TheTimesofIndia TheEconomicTimes More

FOLLOWET:

LATESTNEWS>

< >

Proposedpriceof
700MHzinthe
governmentauctionistoo
steep

05:11PM: Maoistsexplode5IEDs,fireatChhattisgarhArmedFo...
05:10PM: FacebookfounderMarkZuckerbergdistancesfromboard...

Travel
Home
Advertising

Industry

05:06PM: Naidutolaunch'SmartCity'projectforIndoretomorrow
Auto

Consultancy/Audit

04:05PM|11FEB EOD

MARKETSTATS

Banking/Finance
Education

SENSEX

22,951.83

Cons.Products

Hotels/Restaurants

6,976.35

Ind'lGoods/Svs

Property/C'struction

NIFTY50

807.07

Energy

Retail

GOLD(MCX)(Rs/10g.)

239.35

29,263.00

946.00

Healthcare/Biotech

Services

Travel

USD/INR

68.29

0.44

MARKET
DASHBOARD

CREATE
PORTFOLIO

Youarehere: Home > Collections > CreditCard

Whattodeclareatthecustomswhile
travellingabroad

Tweet

Recommend

NupurAnand,ETBureau Sep5,2011,05.00pmIST

Tags: passengers

Nepal

India

Holiday

duty

customsrules

Cox

StumbleU
Submit

Ascentialls

Returningfromaholidaymaynotbeasexcitingasgoingonone,butyoudocomebackbrimmingwith
stories,bagsladenwithgoodiesandcamerasloadedwithmemories.If,however,youaren'tcarefulabout
whatyouareluggingthroughtheairport,there'sachancethatyouendabeautifulholidayonasournote.
Manypassengers,unawareofwhattheyareallowedtocarryabroadorbringback,unwittinglybreachthe
lawandgetcaughtatthecustoms.
Claimingignoranceabouttherulesisn'tgoingtocuticewiththecustomsofficials,whowillimposeahefty
dutyontheitemsthatyouarecarrying.So,insteadofbuyingthingsatabargainabroad,youmightendup
payingmuchmorethanwhattheyareactuallyworth.Thefinanciallosscanmaryourholiday,nottomention
thehoursyouspendattheairportandthestresssuchanexperiencecancause.So,bepreparedaboutthe
thingsyoucancarrywhiletravelling.

RELATEDARTICLES

Beforeyoutakeoff

EnsuresafetywithprepaidcardsItprovides
convenience...

Ifyouaregoingoverseasonavacation,youcancarryonlyupto$10,000(Rs4.5lakh)ayear,nomatter
howmanytripsyoumake.However,ifyouaregoingonabusinesstrip,youcantakeupto$25,000(Rs
11.25lakh)ayear.TheonlytwocountrieswheretheseceilingsdonotapplyareNepalandBhutan,though
youcannotcarrycurrencydominationofoverRs500toeithercountry.

September26,2011

Traveller'schequesmakewayforforexcards
August4,2010

Travelsmart:Howmuchcashoneshouldcarry
andinwhat...
April12,2012

INDEPTHCOVERAGE
CreditCard

Foreignexchangecanbedrawn60daysbeforegoingonthetripandyoucangetitfrommoneychangers,
andatbanksandairports.RajivMenon,headofforeignexchange,Cox&Kings,says,"Don'tkeepthistask
fortheendoryoumayhavetoconvertyourcurrencyattheairport.Thiscanleadtoalossastherates
offeredbymoneychangersattheairportaregenerally34%higher."
Youcancarryamaximumof$3,000(Rs1.35lakh)asforeigncurrencyincash.Ifyouneedtotakemore
money,youwillhavetotakeitastravellers'cheques(TC)orprepaidtravelcards.Whiletravelcardsare
availableonlyatbanks,TCscanbetakenfromauthorisedmoneychangersandtraveloperatorstoo.ATC
ofuptoRs50,000canbepaidforincash,butforvaluesabovethis,youwillneedtopaythroughacheque
ordemanddraft.Prepaidtravelcardsalsoofferaninsurancebenefit.Menonsays,"Cardsareeasytocarry,
andiftheyarelost,theycanbeblockedsothatyoudon'tloseanymoney."
Togeteitherofthese,youwillhavetoproducecopiesofyourpassportandtickets.Youmayalsohaveto
fillupformsexplainingthepurposeofyourvisitanddeclarethatyouarenotcarryingmorethan$10,000.For
aprepaidtravelcard,youwillalsohavetofurnishacopyofyourPANcard.
Don'tworryifyousplurgemoreonyourvacationandrunoutofmoney.Youcanalwaysdependonyour
creditcard.However,youshouldavoidthisbecauseyouwillneedtopayacurrencyconversionchargeas
wellasatransactionfeeofRs90150everytimeyouswipeit.Also,youwillhavetoensurethatyoucan
payyourcreditcardbillbeforetheduedate,otherwiseyouwillbechargedaninterestontheoutstanding
amount.
Ifyouarecarryingjewelleryorotherexpensiveitemsabroad,youwillneedtodeclaretheseattheairportat
thetimeofdepartureandobtainanexportcertificatefromtheIndianCustoms.Thiswillensurethatyou
don'tpaydutywhenyoureturn.

http://articles.economictimes.indiatimes.com/20110905/news/30110161_1_prepaidtraveltravelcardsmoneychangers

1/3

2/11/2016

Whattodeclareatthecustomswhiletravellingabroadtimesofindiaeconomictimes
Whenyouland

SPOTLIGHT
Slideshows

Udacity Nanodegrees

Auto

udacity.com
Learn In-Demand Tech Skills Online. Graduate In 1 Yr For A 50% Discount

OnceyoucomebacktoIndia,youcangothroughtwochannelsgreenorred.Ifyoudon'thaveanitemthat
islikelytoattractduty,youcangothroughthegreenchannel,otherwiseyouwillhavetogoviathered
channel.Atthelatter,youwillbegiventwodeclarationforms,oneforthecustomgoods(youmayneedto
paycustomsdutyforsomeitems)andtheotherforforeigncurrency.
Youneedtomentionifyouhaveforeigncurrencynotesworthmorethan$5,000oranequivalentamount.You
willalsohavetodeclareifyouhavemorethan$10,000asforeignexchange,includingcurrency,TCor
prepaidcards.

Floralsplendour:MughalGardens Kia,DaihatsumaydriveintoIndia
Don'tthinkthatbuyingitemsatdutyfreeshopsmeansyoucanescapethecustomsduty.Thisisonly
infullbloom!
totakeonMaruti
exemptforgoodsworthRs25,000.Youwillhavetopaydutyonthegoodsthatcostmorethanthisamount.
ThebeautifulMughalGardens(atreattonature WithKiaandDaihatsugettingreadytoenter
Youcannotcombinetheexemptionlimitfortwopeople.
lovers)awashwithtulipsandrosesbloomingall themarket,andTataMotorsplanningaproduct
Forinstance,ifyouaretravellingwithyourspouseandhaveboughtacameraworthRs40,000,itwillhaveto
aroundwillopentopubliconFebruary12.
onslaught,completionissettobecome
bedeclaredinthenameofonepersonandyouwillhavetopaydutyontheremainingRs15,000.The
Raceforthetopslot:BrezzavsEcoSportvs formidable.
customsdutyis35%,alongwithaneducationcessof3%,whichbringsthetotaltaxto36.05%.
TUV300
Hyundai'smostaestheticallypleasingsedan
'Genesis'

Someitemsareconsideredrestrictedproducts(seeHowtorun
clearofthecustomsattheairport)andtheadditionaldutyfortheseishigher."Inthecaseofrestrictedgoods,
suchasalcoholandcigarettes,theapplicabledutyismuchhigherat100%,besidestheeducationcess,"
saysSumitaSingh,managingpartneratlawfirmAscentialls.
However,youwillnothavetodeclareanythingifyouonlyhavepersonalitems,onelaptopandforeign
currencythatiswithinlimits.
Yourresponsibilityisnotoveronceyouwalkoutoftheairport.Youneedtodisposeoftheunusedforeign
exchangebecauseyouarenotallowedtokeepmorethan$2,000asforeigncurrencynotes.
Anycashinexcessofthisamountneedstobesurrenderedtoabankwithin90days.Ifitisintheformof
travellers'cheques,youcanreturnitwithin180daysofreturningfromabroad.However,youcanholdany
amountofforeigncoins.

FEATUREDARTICLES

10besttaxsaving

16startupfounderstowatch

http://articles.economictimes.indiatimes.com/20110905/news/30110161_1_prepaidtraveltravelcardsmoneychangers

Top5stockswhichcouldbe

2/3

2/11/2016

Whattodeclareatthecustomswhiletravellingabroadtimesofindiaeconomictimes
investments

outforin2016

multibaggersinthenext27
years

More:
India'sfirstereaderWinkunveiled,supporting

Whyrationalinvestorsshouldeye

15languages

entrepreneursfromtheB2Becommerce

Top5stockswhichcouldbemultibaggersin

industry

thenext27years

TableauSoftware,AtlassianprepareforIPO

TurkeyissuesspecialstampfeaturingPM

amidmarketwoes

NarendraModi

Hyundai:PricewarunderwayinUScar
market

Readers'opinions(11)
Sortby: Newest | Oldest
Atultripathi(Noida)
27Sep,201504:28PM
howmuchgoldcanicarrybackwhilecomingfromdubaion3passports
Deepak(Montpellier)
24Jun,201501:09AM
ImtravelmontpellierfrancetonewdelhiinmonthofDecember2015...Nowiminmontpellierformyinternship
of6monthafterthatigetsalaryfromheresomyquestionisthatimonly21yrsoldndiwanttocarry.2700euros
incashitismyearningthereandialsotakemonthlysalaryslipfrommycompany.....Socanutellmehowmuch
amounticancarrywhiletravelingmontpelliertonewDelhiairport...For2700eurosthereisanychancesofpaid
taxforthatamountplzzztellme
jenny(singapore)
26Dec,201406:33AM
Myfriendwasretained@dubaicustomrightnowsincexmasday.Heholdingabanker'sdraft,thecustom
officersdunlethimgo,wanthimtogivemonithentheylethimgo.Whatisthisman...howcomestillhvtistypeof
thinghappenoverthere
bitty(newdelhi)
10May,201304:51PM
hellooji,canyouplstellme
whiletravellingabroadfromindiawhatarenewrulesfortakingourjewelleryand
cashmoneywithus?Howmuchgoldpersoncantakeasbelongingswithhim/her?andalsocash...whilecoming
backtoowncountryhwtodeclearandpaytaxonitplstellme.istheiranynewrules?
VijayRad(Melbourne)
07Sep,201110:10AM
Ifibuyalaptopformyparentsfromoverseas,thencanibringittoIndiaalongwithmypersonallaptop?Doihave
topayanyfee?Ifso,thenisthereanyotherwayofgettingaroundit?
READALLCOMMENTS

2016Bennett,Coleman&Co.Ltd.Allrightsreserved
www.economictimes.com

IndexbyDate | IndexbyKeyword
Advertisewithus | TermsofUse | PrivacyPolicy | Feedback

http://articles.economictimes.indiatimes.com/20110905/news/30110161_1_prepaidtraveltravelcardsmoneychangers

3/3