Q639. Taking gold jewelery to India on transfer of residence . . .

Question: I am a NRI residing in Dubai for 17 years. Please advise how can I bring my wife's and personal gold jewellery which we have made here in this time. Do we have to pay duty for our personal use items jewellery. Regards Sumit Sent from my iPhone Answer: I can well understand the significance of your question, anyone having lived in Dubai for that many years would have similar question if they were returning to India. While transfer of residence gives a certain amount of relief to those who return to India for settlement, on used household goods etc. Unfortunately, jewelery is not on the list of items where transfer of residency allows duty free import of used household articles. The only duty free allowance that can be availed when it comes to gold jewelery, I believe is the amount available to NRIs returning to India after a one year, which currently is: Jewelery up to an aggregate value of 50,000 for male passengers Up to an aggregate value of 1,00,000 for a lady passenger (Government of India, Ministry of Finance Notification No. 25/2013-Customs) Any gold jewelery over the above limits will attract customs duty in India. In case you also have jewelery on your return that was taken out of India originally, then you may be able to get an exemption from paying duty for the jewelery taken out of India. Suggested Reading on NRI Gold: NRIs taking jewelery to India when visiting India - Click Here to read now >>
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
previous previous
N
RI Information
Informing educating and connecting Indians across the globe . . . by Virendar Chand
NriInformation Questions &Answers
Read Disclaimer at bottom of page

Q639. Taking gold jewelery to India

on transfer of residence . . .

Question: I am a NRI residing in Dubai for 17 years. Please advise how can I bring my wife's and personal gold jewellery which we have made here in this time. Do we have to pay duty for our personal use items jewellery. Regards Sumit Sent from my iPhone Answer: I can well understand the significance of your question, anyone having lived in Dubai for that many years would have similar question if they were returning to India. While transfer of residence gives a certain amount of relief to those who return to India for settlement, on used household goods etc. Unfortunately, jewelery is not on the list of items where transfer of residency allows duty free import of used household articles. The only duty free allowance that can be availed when it comes to gold jewelery, I believe is the amount available to NRIs returning to India after a one year, which currently is: Jewelery up to an aggregate value of 50,000 for male passengers Up to an aggregate value of 1,00,000 for a lady passenger (Government of India, Ministry of Finance Notification No. 25/2013-Customs) Any gold jewelery over the above limits will attract customs duty in India. In case you also have jewelery on your return that was taken out of India originally, then you may be able to get an exemption from paying duty for the jewelery taken out of India. Suggested Reading on NRI Gold: NRIs taking jewelery to India when visiting India - Click Here to read now >>
N
RI Information
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
NriInformation FAQ
Read Disclaimer at bottom of page