GST: Indians travelling overseas may need to pay more for foreign currency notes

Indians travelling overseas may need to pay more for foreign currency notes they buy at home before leaving if the customs department has its way and imposes goods and services tax (GST) on their import into the country. Banks say they are perplexed at the customs department levying integrated GST ( IGST ) on such consignments, which are exempt from basic customs duty, and have sought a clarificat…