Dubai’s landmark structures, thrilling events, and unforgettable experiences have given it a well-deserved reputation for being among the top shopping destinations worldwide. Given these facts and the extraordinary appeal of gold jewelry in India, it should not be surprising that expatriates adore buying gold in Dubai and are curious about the gold limit from Dubai to India.
Let’s move on to our advice and guidance on the amount which you need to consider to transport gold from Dubai to India without delay.
Everything You Need To Know About Gold Limit From Dubai To India
The Indian Central Board of Indirect Taxes and Customs placed a limit on the importation of gold from Dubai to India only a few years back.
The primary factors for foreigners or ex-pats to purchase gold in Dubai are the lower costs and high quality. One of the busiest markets for purchasing gold in Dubai is indeed the Deira Gold Souk, where buyers from all walks of life choose to shop for gold in Deira.
Yet, during the past few years, the repressive customs duties by Indian governments have had an impact on the import of gold into India from Dubai and all other emirates.
Duty-Free Allowance
Every Indian traveler with a valid Indian passport granted under the Passport Act of 1967, who has resided abroad for any more than one year, is permitted to carry gold jewelry into India inside their baggage, as per the Central Board of Indirect Taxes and Customs (CBIC) official website.
- Customs duty is waived on gold jewelry with a combined weight of up to 20 grams and a maximum retail value of INR 50,000 for male passengers.
- Customs duty is waived on gold jewelry that weighs a total of up to 40 grams and has a maximum retail value of INR 100,000 in the case of female passengers.
Limit On Carrying Gold
Travelers with valid Indian passports who have spent more than six months in Dubai or another foreign country are permitted to carry one kilogram of gold in the form of bars or gold coins from Dubai to India.
If they bring more gold than is allowed from Dubai to India, then they must pay custom duty expenses.
From Dubai to India, the customs charge on gold rose in 2019, from 10% to 12.5%.
Custom Duty
Concessional rate of duty @12.5% plus Social Welfare Surcharge @1.25% applicable on gold to Indian Passport holders as well as persons of Indian descent if stays were for any more than six months, according to the Central Board of Indirect Taxes & Customs (CBIC).
In some circumstances, a traveler who is bringing gold to India will have to pay customs duty on gold of 38.5 percent.
Exceeding The Maximum Gold Limit
The maximum amount of gold per traveler from Dubai to India should not exceed 10kg, as stated on the website of the UAE Embassy. It takes into account the whole amount of gold a traveler is transporting, including any jewelry.
Over 1kg of coins and bars are subject to a 38.5% customs charge. Even while this higher limit may be legal, it’s still quite uncommon to see anyone removing more than 1 kg of gold.
That is all there is to know about the gold restriction between Dubai and India. To protect themselves against inflation, ex-pats in Dubai frequently convert their money to gold. We, therefore, hope that this guide provided all the information you needed.
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