Rules have been set to bring gold after shopping in the country. The bringing of gold coins, ornaments etc. into the country is strictly controlled by the Central Government. The Guide for Travelers has been issued by the Central Indirect Taxes and Customs under the Ministry of Finance. In this, you have been told how much gold you can bring from abroad. Gold is a very precious metal, and the Reserve Bank of India (RBI) manages its import. That's why some rules are fixed for bringing personal gold.
This is duty charge
1. Passengers have to pay the duty on this in convertible currency.
2. Gold bars are weighed bars on which the serial number of the manufacturer's name is written, and a surcharge at the rate of 12.5 per cent is to be paid.
3. In addition to other types of gold such as jewellery studded with stones or pearls, a 1.25% social welfare surcharge is levied along with a 12.5% duty.
These gold rates apply to Indian passport holders and travellers of Indian origin whose period of stay in India is more than 6 months. In addition, the normal duty of customs at 38.5 per cent is charged.
Fee rates vary
People who have been living abroad for more than a year can avail of the duty-free allowance on their arrival in India. But these rates vary. 50 thousand rupees for men and up to 1 lakh rupees for women.
