Business
How much gold is permitted from Dubai to India?
Dubai is well-known for its iconic structures, thrilling events, and its well-deserved reputation as one of the best shopping cities in the world. Given these facts and India’s extraordinary popularity of gold jewelry, it should come as no surprise that expatriates adore purchasing gold there and are curious about the gold limit from Dubai to India.
In order to protect themselves against inflation, ex-pats frequently convert their savings to gold. In light of this, the Indian Central Board of Indirect Taxes and Customs imposed a limit on the amount of gold that could be imported into India from Dubai a few years ago.
Let’s move on to our tips and information on how much gold you can transport from Dubai to India without delay.
The gold limit from Dubai to India
The main factors encouraging foreigners to purchase gold in Dubai are the lower costs and high quality. One of the busiest markets for purchasing gold in Dubai is the Deira Gold Souk, where buyers from all walks of life prefer to shop.
However, over the past few years, the Indian government’s restrictive customs duties have had an impact on the import of gold into India from Dubai and other emirates.
Duty Free Allowance
Any Indian passenger with a valid Indian passport issued under the Passport Act of 1967, who has resided abroad for more than one year, is eligible to bring gold jewelry into India in their baggage, according to the Central Board of Indirect Taxes and Customs (CBIC) website:
For male passengers, gold jewelry with a combined weight of 20 grams and a maximum retail price of INR 50,000 is exempt from customs duty.
Customs duty is waived on gold jewelry up to a combined weight of 40 grams and a maximum purchase price of INR 100,000 for female passengers.
Children are included in the duty-free allowance for gold jewelry traveling from Dubai to India. Providing they have lived in Dubai or the other country other than India for a year or more.
Keep in mind that the duty-free allowance only applies to gold jewelry if you’re an Indian traveling from Dubai to India with gold. Customs duties must be paid on gold in the form of bars or coins.
Limits on carrying Gold
Passengers are required to pay customs duty if they bring more than the permitted amount of gold into India from Dubai.
Passengers with valid Indian passports who have spent more than six months in Dubai or another foreign country are permitted to check one kilogram of gold in the form of bars or coins from Dubai to India.
If they bring more gold than is allowed from Dubai to India, they must pay custom duty fees.
From Dubai to India, the customs duty on gold increased in 2019 from 10% to 12.5%.
Exceeding the maximum gold limit
The maximum amount of gold per passenger that can be brought from Dubai to India is 10kg, according to the website of the UAE Embassy. It includes the total weight of the gold that a traveler is hauling, including any jewelry.
For coins and bars weighing more than 1 kg, the customs duty is 36.05%. Therefore, even though this higher limit may be permitted, it’s not all that common to see people taking more gold than 1kg at a time.
Requirements for importing more than the limit
- The customs duty on all excess gold shall be paid in convertible foreign currency.
- Passengers must provide all necessary proof of purchase and other documentation to avoid the seizure of goods at the airport.
- Failing to meet the strict requirements and declaration may lead to detention, prosecution or confiscation until all paperwork and documentation are complete.
- The gold bars must have all the necessary inscriptions. The information has to include the total weight, manufacturer, serial number.
- A major condition for importing gold above 1 KG is that the passenger should not have brought any gold or other precious metals and gemstones to India in the last six months, exceeding the maximum gold limit from Dubai to India.
- During the short visits to the country, the passenger has not availed any form of exemption from paying customs duty on gold in India.
- Gold jewellery studded with expensive gemstones and pearls is not allowed to be imported to India.
- A passenger has to bring the gold as a piece of checked baggage, or the other option is to import the gold within fifteen days of their arrival in India as unaccompanied baggage.
- The passenger can obtain the permitted quantity of gold from the Customs bonded warehouse of the State Bank of India and Metals and Minerals Trading Corporation.
- The passenger must file a detailed declaration in a prescribed form before the Customs officer upon their arrival in India.
- The passenger must state their intention to obtain gold from the customs bonded warehouse and pay the customs duty before the clearance.
It’s always important to be aware of the most recent customs regulations when it comes to the gold limit from Dubai to India. Before returning home or arriving in Dubai from your home country, make sure to review the Dubai Airport Banned Items List. The limitations are set up to nullify gold smuggling into the nation and reduce the economic deficit.
To improve passenger convenience, the Indian Central Board of Excise and Customs plans to create a new set of customs gold limits for India. When finalized, the new regulations will make it simpler for visitors to India who are bringing gold from Dubai and other countries to clear customs.
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