301. Customs duty in India on gold

Q: Sir, I am Indian and traveling to India on coming September also I am planning to take 10 tola gold bar with me. Could you please tell me the exact duty I need to pay in custom. I need to pay it in IRS or foreign currency. Thanking for your valuable advice. Thanks and Best Regards Syed Mohammed A. Gold bars were charged a duty of Rupees 250 but this has now gone up to Rupees 300 per 10 grams. The duty on tola bars and ornaments is rupees 750 per 10 grams. You need to be aware that to take gold as baggage: Passenger should be going to India after a period of not less than six months of stay abroad. Duty must be paid in convertible foreign currency. The weight of gold (including ornaments) should not exceed 10 kgs. per passenger. Update: Customs duty on gold taken to India has changed for current info see question/answer number 8
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
next
previous
N RI Information

NRI - OCI - PIO Guide & Information

NriInformation Questions &Answers
Read Disclaimer at bottom of page
PREVIOUS
NEXT

301. Customs duty in India on

gold

Q: Sir, I am Indian and traveling to India on coming September also I am planning to take 10 tola gold bar with me. Could you please tell me the exact duty I need to pay in custom. I need to pay it in IRS or foreign currency. Thanking for your valuable advice. Thanks and Best Regards Syed Mohammed A. Gold bars were charged a duty of Rupees 250 but this has now gone up to Rupees 300 per 10 grams. The duty on tola bars and ornaments is rupees 750 per 10 grams. You need to be aware that to take gold as baggage: Passenger should be going to India after a period of not less than six months of stay abroad. Duty must be paid in convertible foreign currency. The weight of gold (including ornaments) should not exceed 10 kgs. per passenger. Update: Customs duty on gold taken to India has changed for current info see question/answer number 8
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
next
previous
NriInformation FAQ
Read Disclaimer at bottom of page