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GOLD/
SILVER AS BAGGAGE IMPORT OF GOLD AS BAGGAGE
Who can
import gold as baggage?
(a)
Any passenger of Indian origin (even if a foreign national).
(b) Any
passenger holding a valid passport issued under the Passport Act,
1967.
Conditions
(i) The
weight of gold (including ornaments) should not exceed 10 kgs per
passenger.
(ii)
Such passenger is coming to India after a period of not less than
six months of stay abroad. However, short visits during these six
months shall be ignored if the total duration of such short visits
does not exceed 30 days and the passenger has not availed of the
exemption under this scheme, at the time of such short visits.
(iii)
The duty at the rate of Rs. 250 per 10 gms is paid by the passenger
in convertible foreign currency.
(iv)
Ornaments studded with stones and pearls will not be allowed to
be imported under the scheme mentioned above.
(v)
The passenger can either bring the gold himself at the time of arrival
or import the same within fifteen days of his arrival in India as
unaccompanied baggage.
(vi)
The passenger can also obtain the permitted quantity of gold from
Customs bonded warehouse of State Bank of India and Metals and Minerals
Trading Corporation subject to conditions (i) and (iii). He is required
to file a declaration in the prescribed Form before the Customs
Officer at the time of arrival in India stating his intention to
obtain the gold from the Customs bonded warehouse and pay the duty
before clearance.
EXPORT
OF GOLD JEWELRY AS BAGGAGE
There
is no value limit on the export of Gold jewelry by a passenger through
the medium of baggage so long as it constitutes the bonafide baggage
of the passenger. A passenger may request the Customs for issue
of an export certificate at the time of his/her departure from India,
in respect of jewelry carried by him / her, to facilitate its reimport
subsequently. Commercial export of gold jewelry through the courier
mode is permitted subject to observance of prescribed procedures.
IMPORT
OF SILVER AS BAGGAGE
Who can
import silver as baggage?
(a) Any
passenger of Indian origin (even if a foreign national).
(b) Any
passenger holding a valid passport issued under the Passport Act,
1967.
Conditions
(i) The
weight of silver (including ornaments) should not exceed the quantity
of 100 kgs. per passenger.
(ii)
Such passenger is coming to India after a period of not less than
six months of stay abroad. However, short visits during these six
months shall be ignored if the total duration of such short visits
does not exceed 30 days and the passenger has not availed of the
exemption under this scheme, at the time of such short visits.
(iii)
The duty at the rate of Rs.500 per kg. is paid by the passenger
in convertible foreign currency.
(iv)
Ornaments studded with stones and pearls will not be allowed to
be imported under the scheme.
(v)
The passenger can either bring the silver himself at the time of
arrival or import the same within fifteen days of his arrival in
India.
(vi)
The passenger can also obtain the permitted quantity of silver From
Customs bonded warehouse of State Bank of India and Metal and Mineral
Trading Corporation subject to condition (i) and (iii). He is required
to file a declaration in the prescribed Form before the Customs
Officer at the time of arrival in India stating his intention to
obtain the silver from the Customs bonded warehouse and pay the
duty before clearance.
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