Toshakhana is a word of Persian origin that literally translates into "treasure-house". In Mughal ruled India, a toshakhana was a place where princes store "gifts and emblems of honor that they received for their posterity ... an archive of objects whose origin and receipt embodied his status and honor"Under British colonial rule, officials of the East India Company were not allowed to accept diplomatic gifts, often weapons or jewels known as khilat, from Indian or Middle Eastern rulers and their subjects. When procedure required that the officials received such a khilat, the official would deposit it in the company's treasury (toshakhana). The objects were later used for exchange gifts with other rulers, when it was deemed appropriate to enter an exchange of khilat. Two particularly rare items kept in the toshakhana of Harminder Sahib are a richly bejeweled canopy, and a chandoa (a diamond-encrusted piece of cloth hung over the Guru Granth Sahib). The cost of the artefacts was pegged at Rs 200 crore. present from the Nizam of Kingdom of Hyderabad to Maharaja Ranjit Singh who reportedly considering it too lavish a gift, sent it to the Harimandar Sahib and a chandan da chaur (flywhisk) made of sandalwood fibres which took years for Haji Muhammad Maskin, a Muslim craftsman to prepare. Several countries have toshakhanas. In India, as per protocol, all gifts received by the Prime Minister and other officials from overseas have to be deposited in toshakhana for evaluation. A toshkhana is a treasure house wherein gifts that are received as honour are kept. It could be anything - paintings, sarees to other artefacts. It is managed by the MEA. The MEA has its own rate of evaluation done by dedicated personnel. As per a June 1978 gazette notification, every gift received by a person during an official visit should be deposited in the toshakhana within 30 days of his return. Indian rules allow the recipient to keep a gift valued below Rs 5,000 (USD 70). Those valued above are evaluated to allow for purchase by the recipient on payment of the difference. The rest are auctioned off. By order, the government has just amended an over 50-year-old rule to allow Indian Administrative Service, Indian Police Service and Indian Forest Service officers to retain gifts received from foreign dignitaries while being members of the Indian delegation. But they must declare them if they are worth more than Rs