How much gold can you legally carry to India?

Dubai: How Much Gold Can You Legally Carry to India?

Dubai is the second largest city in the United Arab Emirates (UAE). Just like any other country, Dubai is full of regulations regarding the importation of goods and services. You cannot simply buy anything without government approval.

Dubai has become a popular hub for Indian travellers to buy gold. Gold prices in Dubai are based on international gold prices, ensuring consistent pricing across retailers in the city. And since the international gold price fluctuates much like the stock exchange price, Dubai gold buyers can take advantage of price drops to get the best deals.

As Diwali kicks off in the United Arab Emirates, gold jewelry purchases in Dubai are starting to rebound and are expected to continue gaining momentum in the days leading up to the festival.

The Central Board of Indirect Taxes and Customs has set some rules on how much gold Indians can bring when traveling from Dubai and other emirates.

What are Custom Duty Charges on Gold?

All Indian residents abroad or residing in Dubai for more than 6 months are allowed to carry up to 1kg of gold coins or bullion in their luggage upon return to India. If the amount of gold you bring into India from Dubai exceeds the duty-free import limit, you will have to pay customs duties.

Dubai Gold and Jewelry Group, which participates in all the city’s major festivals, claims that “35% of trade in Dubai is in gold and jewelry products”.

FAQ

  1. Who limits the amount of gold that can be brought into India from Dubai?
  2. Who limits the amount of gold that can be brought into India from Dubai?
  3. Can you put money in my hand luggage?
  4. Do you have to declare the gold that you am carrying?
See also  Dubai: Many schools in Dubai have announced a four-day weekend to honour Diwali

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