Ignoring the customs rules for bringing gold from abroad can prove to be costly. Men can bring jewellery worth Rs 50,000 and women can bring jewellery worth up to Rs 1 lakh duty-free. This limit is different for citizens of Indian origin staying abroad for more than six months. But a duty will have to be paid on this. If wrong information is given, the gold can be confiscated and there can be a heavy fine and legal action.
Gold Limit: Not knowing the customs rules for bringing gold can prove to be costly for Indians returning from foreign travel. There are some countries where the price of gold is less than in India. Therefore, some people plan to bring gold while returning from abroad. But keep in mind that the rules in India are different for gold brought from abroad. The limit for bringing gold from abroad is different for men, women and children. In this report, you will know what is the limit for bringing gold from abroad. The agency warns that giving wrong information, hiding goods or passing through the green channel will not only lead to confiscation of valuables, but one may also have to face heavy fines, arrest and lawsuit.
How much gold can be brought tax-free?
According to the rules, male travelers staying abroad for more than a year can bring up to 20 grams of gold (worth up to Rs 50,000) without any fee. At the same time, female travelers are allowed to bring up to 40 grams of gold (worth up to Rs 1 lakh). Children can also take advantage of this rule. This exemption is only for plain gold jewellery. Jewellery studded with diamonds is not covered under this exemption.
Want to bring up to 10 kg of gold?
Indian-origin passengers who have stayed abroad for more than six months can bring up to 10 kg of gold (including jewelry). However, it is mandatory to pay a fee on this. There are two major conditions for this:
- The fee has to be paid in foreign currency.
- Out of this entire 10 kg, only a small part will be duty-free, the rest will be taxed.
Red vs Green Channel
- If you are bringing more than the limit or duty-bearing goods, then you will have to go through the red channel and fill the baggage declaration form.
- If you have goods within the duty-free limit, then you can go straight through the green channel.
- Passengers can now also declare their luggage through the ‘ATITHI’ mobile app before starting the journey.
You may have to pay a heavy price for your mistake
The department is constantly warning passengers that any attempt to tamper with the rules is not free from danger. There is a provision for strict legal action under the Customs Act for giving wrong information or hiding goods, which includes seizure and fines as well as filing a criminal case.
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