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| Home > Govt. Agencies and Taxation > Custom Duty & Concessions |
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| Gold/Silver As Baggage Import Gold As Baggage |
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GOLD/SILVER AS BAGGAGE IMPORT OF GOLD AS BAGGAGE
Who can import gold as baggage?
- Any passenger of Indian origin (even if a foreign national).
- Any passenger holding a valid passport issued under the Passport Act, 1967.
Conditions- The weight of gold (including ornaments) should not exceed 10 kgs per passenger.
- 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.
- The duty at the rate of Rs. 250 per 10 gms is paid by the passenger in convertible foreign currency.
- Ornaments studded with stones and pearls will not be allowed to be imported under the scheme mentioned above.
- 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.
- 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?
- Any passenger of Indian origin (even if a foreign national).
- Any passenger holding a valid passport issued under the Passport Act, 1967.
Conditions- The weight of silver (including ornaments) should not exceed the quantity of 100 kgs. per passenger.
- 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.
- The duty at the rate of Rs.500 per kg. is paid by the passenger in convertible foreign currency.
- Ornaments studded with stones and pearls will not be allowed to be imported under the scheme.
- 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.
- 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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