Importing Gold To India
Q: I want to find out how much gold(gold bars) can we carry to India without having to pay anything at the customs?
A: I believe up to 10 Kilograms of gold per passenger can be imported to India provided the period of stay abroad has been at least six months.
There are also provisions where passengers can pay for the gold abroad and collect the gold from bonded warehouses of the State Bank of India. This eliminates the need to personally carry gold while travelling. State Bank of India has branches in many cities overseas.
I doubt if duty free import of gold is allowed to India, The customs duty on gold imported to India is now quite reasonable. The rate of duty when I last checked was Rupees 250 per 10 grams of gold. (Previously I think duty was Rupees 400 for 10 grams and was reduced to Rupees 250 in the year 2001)
I am sure the nearest Indian consulate will be able to give you the most current rules regarding import of gold to India.
The price of gold in India is competitive to world gold prices so do your homework before deciding to import gold to India.
On April 20, 2007 I purchased some jewelry items in New Delhi from a store in Cannaught Place. The rate they charged me for gold was calculated at Rupees 8700 for 10 grams of 22 carat gold.
Those wishing to apply for this type of special visa also have to meet some other conditions such as having no dependant children, being between the age of 18 and 30 and also meeting initial financial requirements to maintain themselves while in Australia. Top of Page
Rules and regulations for visa requirements change quite frequently and it is best to check directly with the concerned consulate or get advice from a reputable immigration consultant before spending money. Most foreign government consulates provide information free.
Q: I want to find out how much gold(gold bars) can we carry to India without having to pay anything at the customs?
A: I believe up to 10 Kilograms of gold per passenger can be imported to India provided the period of stay abroad has been at least six months.
There are also provisions where passengers can pay for the gold abroad and collect the gold from bonded warehouses of the State Bank of India. This eliminates the need to personally carry gold while travelling. State Bank of India has branches in many cities overseas.
I doubt if duty free import of gold is allowed to India, The customs duty on gold imported to India is now quite reasonable. The rate of duty when I last checked was Rupees 250 per 10 grams of gold. (Previously I think duty was Rupees 400 for 10 grams and was reduced to Rupees 250 in the year 2001)
I am sure the nearest Indian consulate will be able to give you the most current rules regarding import of gold to India.
The price of gold in India is competitive to world gold prices so do your homework before deciding to import gold to India.
On April 20, 2007 I purchased some jewelry items in New Delhi from a store in Cannaught Place. The rate they charged me for gold was calculated at Rupees 8700 for 10 grams of 22 carat gold.
Those wishing to apply for this type of special visa also have to meet some other conditions such as having no dependant children, being between the age of 18 and 30 and also meeting initial financial requirements to maintain themselves while in Australia. Top of Page
Rules and regulations for visa requirements change quite frequently and it is best to check directly with the concerned consulate or get advice from a reputable immigration consultant before spending money. Most foreign government consulates provide information free.
Hey, thanks a lot for sharing the knowledge with us it is really helpful information.
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