Delhi Duty Free Leads the way to Home Currency Pricing – First among all Travel Retailers in India

Delhi Duty Free Leads the way to Home Currency Pricing – First among all Travel Retailers in India

Hailing the directive from Central Board of Customs & Excise (CBEC) for Duty Free Retailers to display prices in Indian Rupees (INR); India’s largest Travel retailer – Delhi Duty Free is the first retailer to migrate to INR pricing and billing.

With this change, all product prices will be displayed in INR and billing will also be in INR. In line with a notification from Reserve Bank of India, the CBEC said passengers will be permitted to purchase goods at duty-free shops in Indian rupees up to Rs. 25,000. Though there have been no changes in duty free allowance limit which is Rs. 72,000 per passport. This will be significantly beneficial for customers as they will be aware of prices upfront in their home currency, pay INR up to Rs. 25,000 by cash, card or wallets, have the option of paying in other leading global currencies and save on foreign exchange conversion charges.

Luke Gorringe; CEO –Delhi Duty Free said “We have been keen to introduce this for a long time. Although the changes involved significant restructuring of business processes; software & finance reporting, we managed to successfully migrate to the new process within a few days. This is good news for our customers as it brings transparency, simplicity and like other countries, they can pay in home currency and save on exchange rates conversion.”

Luke added “This will prompt Indian nationals to spend more and support latest payment mechanisms like wallet based payment, e-payments & contactless payments. This will greatly help foreign nationals’ as well. They are likely to save significantly on foreign currency exchange to INR for payments in top global currencies due cheaper exchange rates to money changer at Delhi Duty free.”

Delhi Duty Free witnessed record sales and significant sales growth for the previous calendar year. Deals on top sellers in Liquor, Perfume & Confectionery which are best in the region; innovative marketing campaigns & focus on staff training has led to significant growth in business during shop refits. The upgraded shops will be launched in a couple of months and customers can expect many new brands, experiential concepts and a world-class retail experience at Delhi.

About author

TnH Global
TnH Global 4035 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Slider

Experience Ayurvedic sojourn at The Tamara Coorg

Here traditional healing techniques meet contemporary ambience for holistic renewal The ancient science of life, ‘Ayurveda’, which is proudly considered as the wealth of India, is the secret of positive

MICE

Record number of buyers set to attend ITB Asia 2018

ITB Asia, ‘Asia’s Leading Travel Trade Show’, has seen a record number of buyers registering for this year’s show with nearly 1,000 approved buyers set to attend, a 12% increase

Latest

COX & KINGS DIVESTS MAJORITY STAKE IN LATEROOMS AND SUPERBREAK

Cox & Kings Ltd. (‘C&K’) has sold 100% of LateRooms UK Ltd. to Malvern Enterprises UK Ltd. (‘Malvern’) for GBP 20.0 million. C&K’s 65.58%-owned subsidiary, Holidaybreak Ltd. (‘Holidaybreak’), has sold

Latest

Emirates flight from India crash-lands in Dubai, all 300 on board safe

An Emirates flight from India with 300 people on board crash landed at Dubai’s main airport on Wednesday, sending black smoke billowing into the air and halting all traffic at

Latest

Cygnett Hotels & Resorts opens its latest property in Jodhpur

Branded as Cygnett Style Mantra, it is Cygnett’s 6th property to have opened this year Cygnett Hotels has launched Cygnett Style Mantra in Jodhpur, the second-largest city in Rajasthan also

Technology

ixigo Skill for Amazon Alexa launched in India

Now ask Alexa where you can go next month for under Rs.10,000 Leading travel marketplace, ixigo has launched the ixigo skill for Amazon Alexa in India. The ability of this

Latest

TravelParo – a new star in the travel industry

The concept of personal concierge desk has been heard for Corporate Travel and Hotel Bookings majorly. However it’s very rare that a user gets a personal relationship manager for Taxi

Trends

Alila Anji celebrates 2nd Anniversary with exciting Pop-Up events

Alila Anji will launch its anniversary celebrations with a sensational pop-up dining event for media and invited guests, a collaboration with Light & Salt, Shanghai’s leading lifestyle dining concept group.

Destinations

No control over Dalai Lama’s travel plans: India

India brushed aside China’s opposition to Dalai Lama’s upcoming visit to Arunachal Pradesh saying that it had no control over his travel plans within India. The foreign ministry also said

Latest

Wyndham Hotel Group hosts evening to celebrate year gone by

Wyndham Hotel Group marked another milestone year, as it further expanded its footprint in India with six new hotel openings, taking the total number of operational hotels to 34.  The

Trending

IndiGo cancels 47 flights after regulator grounds Jets over faulty engines

IndiGo operates about 1,000 flights daily which is about 40 per cent of domestic flyers. Budget carrier IndiGo has cancelled as many as 47 flights today after the country’s aviation

Abu Dhabi ranked among fastest-growing destinations in the world

Emirate ranked number one in the Middle East in Mastercard report Abu Dhabi host more than 4 million guests in the first 11 months of 2016 Annual growth rate of

0 Comments

No Comments Yet!

You can be first to comment this post!