Gold Rules India: Do you know how much gold you can bring with you while shopping abroad? The bringing of gold coins and gold ornaments into the country is strictly controlled by the central government. The Central Indirect Tax and Customs under the Ministry of Finance has issued a guide for travellers.
It contains information about how much gold you can bring with you while traveling abroad. Actually gold is a precious metal and India’s central bank RBI controls its reserves and imports. However, the rules for bringing gold into the country for individual travelers are decided by the government.
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so much duty
The passenger has to pay the duty on it in convertible currency. Gold bars, Tola bars with the name of the manufacturer or serial number written on them are liable to pay surcharge at the rate of 12.5 per cent. A social welfare surcharge of 1.25% is levied with a duty of 12.5% except for bars other than gold such as jewelery studded with stones or pearls.
This concessional rate of fee will be applicable to Indian passport holders and people of Indian origin for sleeping only if the period of their stay in the country is more than 6 months. Short trips up to a total of 30 days over the course of 6 months are ignored. Apart from these cases, the normal rate of customs duty at 38.5% is levied.
these are the rules
At the same time, customs-free allowance can be availed by an Indian traveler living abroad for more than 1 year, but these rates vary. This rate is Rs 50,000 for a man and Rs 1,00,000 for a woman.
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