India has always loved gold. It’s used in jewelry, to keep money safe, and as a sign of wealth and beauty. Many people like to buy gold in Dubai, which is famous due to cheap prices and strict regulations in place to ensure the purity and quality of gold sold. But if you’re traveling from Dubai to India, you can’t bring back as much gold as you want. There are rules about “How Much Gold Is Allowed from Dubai to India.” This article will tell you about the latest rules for bringing gold from Dubai to India in 2024.
Why Gold is Cheap in Dubai?
Tax-Free Haven:
No GST: Dubai doesn’t impose any Goods and Services Tax (GST) on gold, which ultimately reduces its final price. However, in India, GST on gold is 3% (1.5% CGST + 1.5% SGST) on the value of gold.
Custom Duties: Import and export duties on gold are minimal, contributing to lower overall costs.
Large-Scale Refineries:
Economies of Scale: Dubai boasts large-scale gold refineries that benefit from economies of scale, leading to lower processing costs.
Purity Standards: These refineries maintain stringent quality standards, ensuring the purity of gold.
Lower Making Charges:
Cost-Effective Craftsmanship: Goldsmiths in Dubai often charge lower making charges compared to other places, further reducing the overall cost.
Low manufacturing cost: The combination of favorable tax policies, advanced infrastructure, efficient processes, and market dynamics contributes to the lower manufacturing costs of gold in Dubai compared to India.
Also Read: Tax On Dividend Income for Individuals | Save Tax on Dividend Income
Duty Free Gold Limit from Dubai to India
Here is the limit of duty free gold that male, female passenger, and children can bring from Dubai in the form of
- Gold jewelry,
- Gold coins, or
- Gold bars.
How Much Gold Is Allowed from Dubai to India?
Category 1: Indian citizens and persons of Indian origin who have been residing abroad coming back to India after more than 1 year are allowed to bring in gold jewelry free of duty as follows:
How Much Gold Is Allowed from Dubai to India | Gold quantity | Gold Value | When Gold is Taxable? |
Male passengers | Can carry a maximum of 20 grams of gold without paying customs duty. | The gold value should not exceed INR 50,000. | Any gold brought in above the duty-free limit is subject to customs duty. |
Female passengers and children | Can carry a maximum of 40 grams of gold without paying customs duty. | The gold value should not exceed INR 100,000. | Any gold brought in above the duty-free limit is subject to customs duty. |
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Category 2: For Non-Residents or those who have stayed less than a year abroad:
There is no duty-free allowance for gold. Any gold brought into India will be subject to customs duty.
Custom Duty on Gold from Dubai to India
If you bring gold from Dubai to India more than the duty-free limit, you’ll have to pay customs duty. Additionally, please keep the invoice with you as the passengers have to show the gold purchase invoices with the price, purity and date at Indian customs for verification. The duty rate varies based on the weight of excess gold:
For Male Passengers
Gold Quantity | Custom Duty Rate |
20-50 grams | 3% |
50-100 grams | 6% |
Over 100 grams | 10% |
For Female Passengers/Children under the age of 15 years
Gold Quantity | Custom Duty Rate |
40-100 grams | 3% |
100-200 grams | 6% |
Over 200 grams | 10% |
Example of How Much Gold Is Allowed from Dubai to India: If a female passenger brings 60 grams of gold, she can bring 40 grams duty-free. The remaining 20 grams will be subject to a 3% customs duty.
Note: These rates are subject to change. It’s advisable to check the latest rates before your travel at World Gold Council.
Important to Note on How Much Gold Is Allowed from Dubai to India
- Passengers can carry gold coins and bars weighing up to 1 kilogram.
- Carrying gold exceeding 1 kilogram is strictly prohibited and can lead to legal consequences.
- Gold bars should have details like weight, serial number, and manufacturer’s name mentioned on them.
Frequently Asked Questions
1. How much Duty-free Gold allowed For Male Passengers from Dubai to India?
Male passengers can bring up to 20 grams of gold worth a maximum of INR 50,000 to India duty-free.
2. How much Duty-free Gold allowed for Female Passengers from Dubai to India?
Female passengers can bring up to 40 grams of gold worth a maximum of INR 100,000 to India duty-free.
3. What is the Duty-free Gold Carrying Limits for Childrens?
Children can bring up to 40 grams of gold to India duty-free. This is the same limit as for female passengers.
4. Can Indian tourists buy gold in Dubai?
Yes, Indian tourists can buy gold in Dubai. In fact, Dubai is a popular destination for Indian tourists looking to purchase gold jewelry or bullion.
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