Q.831 Taking pure gold 24 Karat to India . . .

Question: Hello Team, Would you please let me know the current permissible limit to carry Gold bar to India without declaring and avoiding any Customs duties to be paid. Would carrying 30 grams - 40 grams of Gold be coming under scanner review? Expecting an early revert. Thank you. Kind Regards, Suraj Nair [December 30, 2015] Answer: Persons of Indian origin such as NRIs, OCI holders returning to India after a stay abroad of at least six months can take up to 1 kilogram of gold to India. This 1 kg of gold is NOT allowed in duty free. Duty has to be paid. Duty free gold allowed is in the form of jewelry taken as part of an arriving passengers baggage. Indian origin passengers who stay abroad for over a year, are allowed to bring free of duty gold in the form of jewelry. The duty free allowance currently is: Rs 50,000 for male passengers Rs 1 lakh for lady passengers Anyone taking gold to India in the form of solid gold, regardles of the amount of gold being carried. Should declare the gold when going through Indian customs to avoid problems. More information on taking gold to India is provided at http://nriinformation.com/faq1/questions_2.htm
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
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Informing educating and connecting Indians across the globe
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
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Q.831 Taking pure gold 24 Karat

to India . . .

Question: Hello Team, Would you please let me know the current permissible limit to carry Gold bar to India without declaring and avoiding any Customs duties to be paid. Would carrying 30 grams - 40 grams of Gold be coming under scanner review? Expecting an early revert. Thank you. Kind Regards, Suraj Nair [December 30, 2015] Answer: Persons of Indian origin such as NRIs, OCI holders returning to India after a stay abroad of at least six months can take up to 1 kilogram of gold to India. This 1 kg of gold is NOT allowed in duty free. Duty has to be paid. Duty free gold allowed is in the form of jewelry taken as part of an arriving passengers baggage. Indian origin passengers who stay abroad for over a year, are allowed to bring free of duty gold in the form of jewelry. The duty free allowance currently is: Rs 50,000 for male passengers Rs 1 lakh for lady passengers Anyone taking gold to India in the form of solid gold, regardles of the amount of gold being carried. Should declare the gold when going through Indian customs to avoid problems. More information on taking gold to India is provided at http://nriinformation.com/faq1/questions_2.htm
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