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The value relates to which country
Q. Whether the value of Rs. 5,000/- for the gift or the commercial samples means the value of the goods in India or the country of sender?
A. The value of Rs. 5,000/- is the export value of the goods excluding locally refundable taxes like VAT in the country from where the goods have been despatched. In case of gifts and samples up to Rs. 5000/- it does not include freight or courier charges and insurance. However, in case of goods valued above Rs. 5000/- it freight and insurance would be added to calculate the duty payable. The sender may not necessarily be residing in the country from where the goods have been despatched. A sender in U.K. can send goods from South Korea to India. The value in South Korea would be taken into consideration.