Can NRIs bring gold into India and if yes, how often?
NRIs are allowed to bring (import) gold (including ornaments) into India upto 10 Kgs, subject payment of Customs Duty, under Baggage Rules of the Government of India when they return to India. Top • In what form can the gold be brought into India? NRIs, when they return to India, can import Gold into India in the form of Jewellery ornaments or gold bars. Top • Are NRIs required to pay customs duty on the gold brought by them into India? Yes. The customs duty is payable in convertible currency at the rate of Rs. 250 per 10 grams, if the imported gold is in the form of tola bars. However, if the imported gold is in the form of gold bar (other than tola bars) bearing the manufacturers or refiners engraved serial numbers and weight expressed in metric units, and on gold coins, the duty will be Rs.100 per 10 gms. Top • Is it necessary that the NRI should have stayed abroad at least for a minimum period of six months prior to his return to India for being eligible to bring gold? Yes. It is n
