Never asked questions of Baggage rules 2016 for CA final, CS professiona...

Baggage rules 2016 has been prescribed where rate of duty and valuation is done on the date of declaration under section 77 of the Customs Act, 1962. The HSN classification code of baggage is 9803 where rate of duty prescribed is 100%. However exemption notification has prescribed the rate of duty to be 35% for all baggage except annexure 1 goods. Few of the annexure 1 goods are fire arms, cartridge upto 50, cigars, cigrettes, tobacco, LED, LCD, plasma tv, gold or silver. There are general allowance of Rs. 50,000 or Rs. 15,000 as per Rule Rule 3 and Rule 4 of the baggage rules. Rule 5 prescribes clearance of jewellery for gentleman passenger 20 gm valued Rs. 50,000 and for lady passenger 40 gm valued Rs. 1,00,000.