The Liberalised Remittance Scheme, plainly
Under the RBI's Liberalised Remittance Scheme (LRS), a resident Indian may remit up to USD 250,000 per financial year for permitted purposes — including the purchase of goods abroad. That headline number hides three friction points: the Tax Collected at Source (TCS) applied above the threshold, the Form A2 declaration your bank requires, and the reality that most private banks throttle same-day outward remittances beyond a comfort band.
FEMA, in one paragraph
The Foreign Exchange Management Act governs how capital leaves India. For a luxury watch or a piece of leather goods, the remittance is treated as a current account transaction — permitted, but documented. Your authorised dealer bank files the A2; the purpose code sits in your record for seven years. Nothing about this is secret; all of it is procedural.
Customs, duties, and the courier trap
A watch above ₹50,000 attracts basic customs duty, IGST, and a social welfare surcharge — a landed cost premium that routinely surprises first-time importers. Couriers sometimes clear parcels under a personal-effects heading; the shortcut usually ends with the buyer, not the courier, holding the bag if the assessment is later reopened. The correct path is a formal Bill of Entry, a licensed customs broker, and a paper trail that matches the outward remittance rupee for rupee.
Execution over recommendation
Any concierge can hand you a boutique's WhatsApp number in Milan. Closing the loop — verifying the piece, remitting cleanly under LRS, filing the A2, clearing customs against a matched invoice, and handing it over in Delhi — is a different service. That's the work Altamount does. One invoice, one paper trail, one line of contact.