Q651. Taking Gold from India to Abu Dhabi
Question: Dear Sir Greetings. I am a NRI residing in Abu Dhabi. I would like to bring in one kilo of Gold from India to Abu Dhabi. Can you please let me know the rules and regulations? Thanks Regards Padu
Answer: When it comes to import of gold to India/taking gold to India by passengers, NriInformation.com has perhaps the largest number of useful informational articles available. There are also several readers’ questions on this topic answered in our FAQ section. However, your query about taking gold from India to Abu Dhabi is new! Generally gold is taken into India and not out of India. Procedure to take gold out of India. For someone planning on exporting gold from India, they would generally require: • An import/export code from the Directorate General of Foreign Trade. • Membership in the Gem & Jewelry Export Promotion Council Take gold jewelry out of India When traveling out of India with gold jewelry, an option is to get an export certificate for the jewelry being taken out of India. This will ensure that if at any time this gold jewelry is brought back into India, no customs duty in India will apply on this jewelry. Export certificates are issued by the Customs authorities. They do the valuation of the gold being declared and issue an export certificate. The export certificate will show the person’s details such as name, passport number and details of gold such as weight etc. Invoices or valuation appraisal from approved jewelers may be required to expedite the issue of export certificate.
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
