Transfer of Residence Rules - R R Padmanabhan, Director - Exim Academy

Transfer of Residence Rules 

Source: zameen.com/blog



As much as 18 millions Indians are working abroad earning precious foreign exchange of about US$ 64 billion in to the country.  What are the concessions available to them when they come back to India for good?  This blog examines rules governing such concessions. 

In terms of Baggage Rules 2016, issued by the Central Board Indirect Taxes and Customs, the Indians living abroad but returning to India for good are divided in to 4 categories.  They are: 

01.   In employment abroad between 3 to 6 months

02.   In employment abroad between 6 months to 1 year

03.   In employment abroad between 1 to 2 years

04.   In employment abroad between 2 years and above. 

What are the goods that can be brought by them without payment of duty?  The following table provides the information: 

In employment abroad between 3 to 6 months

 

Personal belongings and Household items used

In employment abroad between 6 months to 1 years

 

Personal belongings and Household items used and items in Annexure III for the value of Rs.1.00 lakh

In employment abroad between 1 year to 2 years

 

Personal belongings and Household items used and items in Annexure III for the value of Rs.2.00 lakh

In employment abroad between 2 years & above

 

Personal belongings and Household items used and items in Annexure III for the value of Rs.5.00 lakh

 What are the items mentioned as per Annexure III? 

1. Video Cassette Recorders or Video Cassette Player or Video Television Receiver or Video Cassette Disk Player.



2. Digital Video Disc players



3. Music System



4. Air-Conditioner



5. Microwave Oven



6. Word Processing Machine



7. Fax Machine



8. Portable Photocopying Machine



9. Washing Machine



10. Electrical or Liquefied Petroleum Gas Cooking Range



11. Personal Computer (Desktop Computer)



12. Laptop Computer (Notebook Computer)



13. Domestic Refrigerators of capacity up to 300 litres or its equivalent.


R R Padmanabhan
Director - Exim Academy




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