Gold holds a special place in Indian culture, and its prices are continuously rising in the country. As a result, many Indians prefer buying gold from Dubai, where it is more affordable. If you are planning to bring gold from Dubai to India, it is crucial to be aware of the newly issued regulations regarding gold imports.
Why Do Indians Buy Gold from Dubai?
Many Indian travelers purchase gold in Dubai due to the absence of tax on gold in that country. However, there have been multiple instances of people being caught smuggling gold at Indian airports. Lack of knowledge regarding customs regulations can lead to complications during airport security checks. If you are planning to buy gold from Dubai, it is important to familiarize yourself with the essential rules and regulations.
Gold Import Rules for Men
Male travelers returning from Dubai to India are allowed to bring up to 20 grams of gold, valued at a maximum of ₹50,000, without paying any customs duty. This allowance includes gold coins and bars. However, if the quantity exceeds 20 grams or the value surpasses ₹50,000, customs duty will be applicable on the additional amount.
Custom Duty Charges for Men
- For 20 to 50 grams of gold, the applicable custom duty is 3%.
- For 50 to 100 grams, the duty rate increases to 6%.
- For more than 100 grams of gold, travelers must pay up to 10% customs duty.
Gold Import Rules for Women
Female travelers enjoy a higher duty-free allowance. Women returning to India from Dubai can bring up to 40 grams of gold, with a maximum value of ₹1 lakh, without paying customs duty. They can carry gold in the form of coins, bars, or jewelry. Any gold exceeding this limit will attract a customs charge.
Custom Duty Charges for Women
- For 40 to 100 grams of gold, the custom duty is 3%.
- For 100 to 200 grams, the duty increases to 6%.
- If carrying more than 200 grams, the duty charged is 10%.
Gold Allowance for Children
Children under the age of 15 are also eligible for a duty-free gold allowance of up to 40 grams. However, they must provide proof of their relationship with the accompanying adults.
Custom Duty for Children
- If a child carries between 40 and 100 grams of gold, a 3% customs duty applies.
- For 100 to 200 grams, the applicable duty is 6%.
- If the gold quantity exceeds 200 grams, a 10% customs duty must be paid.
Understanding these regulations will help travelers avoid unnecessary fines and ensure a hassle-free experience at customs checkpoints when bringing gold from Dubai to India.