March 8, 2017

How much gold can you bring to India ??

New Custom Duty on Gold
Prior to GST being implemented, the overall tax rate on gold jewellery stands at 12.2%. ( 10% customs duty, 1% excise duty, and 1.2% VAT)

GST replaces the excise duty and VAT components, but sits on top of the Import Duty. The Gold rate of 3% announced on 3rd June is significantly lower than many had feared. And, on the face of it, represents only a modest tax increase.

VAT varies state-by-state from 1% in Rajasthan to 5% in Kerala. Additional local taxes can push the overall tax on gold jewellery even higher


How much Gold can i legally import into India

How much gold can I carry to India without worrying about duties?
gold biscuit


50,000 / 100000 Limit

A passenger residing abroad for 1+ year, on return to India, shall be allowed clearance free of duty in his bona fide baggage of jewellery,

Rs 50,000 Male Passenger
a male passenger can get up to a weight of 20 grams with a value cap of Rs 50,000

Rs 50,000 Female Passenger
a female
passenger can bring up to a weight of 40 grams with a value cap of Rs 100,000

Earlier these were defined as value of Rs 50,000 & Rs. 100,000 only.

Indian Jewellary

Most Gold Imports to India Come from Gulf Countries (Middle East)  : UAE, Dubai, Saudi Arabia

Gold Purity (parts, or karats) 
22k, 24k, 21k and 18k

Note: Custom duties can be changed by the authorities at any time. Check with the concerned authorities for latest information

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