Gold is a valuable metal that holds a substantial worth in every country. This precious metal symbolizes royalty and prestige in India and holds significant value in our traditions. Gold is also an excellent commodity for investment because of the continually increasing prices of this metal.
A dozen times, you must have heard that the seizing of gold at airports is quite common since passengers neglect the gold allowances and restrictions while flying to India.
Therefore, we have come up with an in-depth guide to let you know about everything related to gold allowances and restrictions to India.
Conditions to Follow for Carrying Gold
When you fly on flights from USA to India or from any other country, there are numerous rules for gold allowances and restrictions:
- A passenger’s gold must weigh less than ten kilograms, including the ornaments.
- The limit for silver is a hundred kilograms per passenger.
- There are no restrictions on the sale of Gold in India.
- You need to pay the duty on this in convertible foreign currency.
Custom Duty on Gold
The rate of customs duty on gold Coins or Gold Bars is USD 4.21 per 10 gm and for any other form is USD 10.53 per 10 gm. Further, you will also have to pay an additional three percent educational cess. If you are a women passenger on a flight to India, you can carry gold jewelry worth USD 1403.62 to India. However, for men, this limit is USD 701.81. There is a condition behind this allowance that there must be six months difference between your visit to India.
Carrying Gold Coins or Bars
While flying to India, you can carry more gold in coins and bars. However, you must have a valid and comprehensive declaration document with you. You don’t need to worry as the authorities at the airport won’t seize your stuff without any proper reason. Although, you need to pay customs duty on these coins and bars, which is 36.05%. You need to keep in mind some additional conditions associated with gold bars while flying to India.
- Suppose you are bringing gold bars to India. Mention details like the weight of the coin or bar, serial number, and its manufacturer’s name.
- The tax you pay will depend on the weight of gold bars you are carrying.
- After declaring your gold in India, you need to pay some tax again at the airport.
Walking in the Airport
When you land at any airport in the country, you must know to walk through the right channel. The green channel is the correct one for those carrying custom duty-free Gold. Walking through a red channel is an invitation of unnecessary attention towards you.
Declaration of Gold
After reaching India, you need to declare your gold and pay the required tax if you don’t wish to get into trouble. Also, it would help if you stay updated about all the latest gold allowances and restrictions.
Some Additional Tips
When looking for airline tickets & flight deals to India, you must know these tips about carrying gold.
- Avoid wearing too much jewelry when carrying gold with you since it will catch everyone’s attention.
- Never make the mistake of trying to hide any of your gold to prevent paying custom duty.
- Do not forget about the declaration of your gold. It is a crucial legal process.
- Keep the entire paperwork handy if you are exceeding the limit.
- Also, you have to fill out a formal declaration form.
Now you know all the gold allowance and restrictions while flying to India. You can now confidently pay a visit to India with the right amount of gold without getting into any trouble. If you are looking for fun-filled and affordable holiday packages to India, then get in touch with our team at Tripbeam. Tripbeam has tons of offers in-store, including flights at the cheapest rates to make traveling smooth and budget-friendly for you.
Also Read: Traveling From the USA to India With Gadgets