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

April 26, 2017India JEWELLERY NRIs precious stones visits

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

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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.