What is the amount of gold you are allowed to bring from Dubai to India without paying customs duty? How much gold are men, women and children allowed to carry? This and more, check 10 points.
The affordable costs of Dubai's gold is one of the main reasons why Indian consumers enjoy buying it there. However, the Central Board of Indirect Taxes and Customs has levied some restrictions on importing gold from Dubai to India. So, anyone carrying gold from Dubai to India needs to be aware the following requirements:
1. When traveling from Dubai to India, a male traveler can bring 20 grams of gold (up to a maximum value of Rs 50,000) free of customs charge. Within this amount, they can bring gold coins or bars and avoid paying customs duty in India. If the amount of gold exceeds 20 grams or the Rs 50,000 limit, however, customs duty must be paid on the excess grams.
2. If a male passenger is purchasing 20 to 50 grams of gold, the customs duty rate is 3%. If they are purchasing 50–100 grams of gold, the custom duty rate is 6%. If more than 100 grams of gold are purchased, the customs duty rate is 10%.
3. The duty-free gold limit for female travelers from Dubai is 40 grams, with a maximum value of Rs 1 lakh. When returning from Dubai, women can carry gold in the form of coins, bars, or jewelry. Exceeding this threshold will result in customs charges.
4. If a female passenger is purchasing 40–100 grams of gold, the customs duty rate is 3%. If they are purchasing 100–200 grams of gold, the customs duty rate is 6%. For gold weighing more than 200 grams, the customs duty rate is 10%.
5. Gold ornaments weighing up to 40 grams are allowed for children under the age of 15 to import without incurring customs duties. This includes gifts or presents in the form of gold. The children, however, must produce identity proof of their relationship to the adults accompanying them.
6. Customs tax must be paid on the extra grams of gold carried by a child. When the quantity of gold is between 40 and 100 grams, the customs duty rate is 3%. When the quantity of gold is between 100 and 200 grams, the customs duty rate is 6%. If they purchase more than 200 grams of gold, the customs duty rate is 10%.
7. Gold coins are subject to a 10% customs fee if the total weight of the imported coins is less than 100 grams per passenger. 10% custom duty is applied to the total value of the gold coins when their combined weight is between 20 and 100 grams. No customs charge is required if the total weight of the imported gold coin is less than 20 grams.
8. According to the Central Board of Indirect Taxes and Customs, there is a concessional rate of duty at the rate of 12.5% + social welfare surcharge of 1.25% for gold to Indian passport holders and persons of Indian origin if stays are for more than six months.
9. Passengers traveling from Dubai to India with gold must provide appropriate documents, such as gold purchase invoices and purity and quality certificates. The appropriate inscriptions ought to be on any gold bars you carry. There ought to include information such as the bar's weight and serial number. Incorrect information provided by passengers may lead to fines and, in certain cases, seizure.
10. If an Indian's gold haul from Dubai is above the duty-free threshold, they must disclose it at the airport. Indian travelers who are carrying more gold than is allowed should use the red channel in the airport to identify themselves as transporting dutiable gold from Dubai.