IGST Exemption on imports of bona fide gifts
The IGST tariff rate on goods has been cut down as per GST council meet held on 06th October, 2017. The details of reduced IGST rate on IGST Exemption on imports of bona fide gifts is as follows:
Exemption from IGST on imports of bona fide gifts upto CIF value limit of Rs. 5000 imported through post or air.
IGST rate before 06th October, 2017: 28%
Reduced rate of IGST w.e.f 06.10. 2017: NIL
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