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Can NRIs take out of India precious stones or jewellery purchased by them during their visit to India?

April 26, 2017India JEWELLERY NRIs precious stones visit

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Can NRIs take out of India precious stones or jewellery purchased by them during their visit to India?

4 Answers

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• Yes. NRIs can take out of India precious stones and jewellery (both gold and non-gold) purchased by them in India, without any limit, provided the purchase is made against payment in any convertible foreign currency. • Can assets held in India by NRIs prior to their becoming non-resident be repatriated outside India? • No. • Can NRIs take out of India household articles such as carpets, curios, etc. purchased out of funds in NRO accounts during their temporary visit to India? • Yes. RBI permits on application such requests received from NRIs up to the value of Rs. 20,000 for such articles (other than those made of gold or silver or those banned for export). • Can NRIs settle their hotel bills in India in Indian rupees? • Yes.

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– Yes. NRIs can take out of India precious stones and jewellery (both gold and non-gold) purchased by them in India, without any limit, provided the purchase is made against payment in any convertible foreign currency.

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Yes. NRIs can take out of India precious stones and jewellery (both gold and non-gold) purchased by them in India, without any limit, provided the purchase is made against payment in any convertible foreign currency.

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Posted

Ans. Yes. NRIs can take out of India precious stones and jewellery (both gold and non-gold) purchased by them in India, without any limit, provided the purchase is made against payment in any convertible foreign currency. Q.