Dubai is famous for having lower prices for gold than India, so people love to buy gold from Dubai. Legally importing gold from Dubai to India involves strictly following some customs regulations and laws. This article is an all-inclusive step-by-step guide on legally shipping gold from Dubai to India without legal issues.
Why is Gold Cheaper in Dubai?
Dubai offers around 8-9% gold cheaper than India, mainly due to the absence of VAT on gold exports and lower making charges. This cost advantage makes Dubai a favoured destination for gold shopping among Indians.
Legal Guidelines for Bringing Gold to India
- Eligibility:
- You must be an Indian passport holder who has stayed abroad for at least 6 months.
- Short trips back to India (less than 30 days) during this period are disregarded.
- Permissible Gold Limit:
- Men: Up to 20 grams (worth up to ₹50,000) without paying customs duty.
- Women: Up to 40 grams (worth up to ₹1,00,000) without paying customs duty.
- Children (under 15 years): Up to 40 grams without customs duty.
- If you are bringing more than the permissible limit, customs duty will be levied as follows:
- Up to 50 grams (for men) and 100 grams (for women): 3% duty.
- 50 to 100 grams (for men) and 100 to 200 grams (for women): 6% duty.
- Above 100 grams (for men) and 200 grams (for women): 10% duty.
- Declaration and Documentation:
- Declare your gold at the customs checkpoint.
- Provide purchase invoices that include details of gold purity and price.
- Be prepared to pay the customs duty if your gold exceeds the permissible limit.
Important Tips to Follow:
- Always buy gold from authorized dealers in Dubai to ensure authenticity and proper documentation.
- Retain all purchase receipts as proof of lawful acquisition.
- Keep your passport and visa records handy to demonstrate your eligibility.
- Prefer gold jewelry over gold bars to reduce customs scrutiny.
By following these guidelines, you can legally bring gold from Dubai to India without facing legal challenges. Proper documentation, adhering to limits, and paying duties when applicable are essential for a hassle-free experience. Plan your purchase and travel wisely to make the most of Dubai’s affordable gold prices.
Also Read: Why Indian Business Leaders and Sports Stars Are Moving to Dubai?
Sir your articles are good but are not detailed and well written ……give more detailed and well written, knowledgeable articles
The entire information in the article is incorrect. There is no special allowance for children under 15 years.
Also can you share some genuine source for the rate of duty as mentioned. There are no slabs like this.
Any quantity of gold above the permissible limit attracts an effective customs duty of 44%.
There is concessional rate of 15% if you qualify for it. The conditions for that being that you are coming back to India after a stay of 6 months abroad, and that you are paying in foreign currency.