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In the Media

article imageIndian expats face special gold scans by customs officials

article:324162:16::0
By Katerina Nikolas
May 3, 2012 in Travel
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Non-resident Indians traveling to India face new stringent checks to counter an increase in gold-smuggling into India. Travelers will be searched for gold and gold ornaments which are subject to a special import levy.
Ex-pat Indians, including non-resident foreign citizens of Indian Origin, are liable to tax if they bring gold valued at more than RS 10,000 into the country. According to Emirates 247 major airports are conducting gold scans to ensure that taxes are paid.
India Baggage Rules state that NRI's may bring gold into India once every six months, providing they have remained abroad for a full six months. The gold allowance is limited to 10,000 grams before tax becomes payable. Gold jewelery which is worn by the traveler is counted as part of the gold allowance.
Women are allowed to carry twice as much gold as men as their allowance is doubled to RS 20,000. Nevertheless, even with their increased allowance a man from India's gold quarter in Kerala told Emirates 247 that "With gold prices on the rise, any Indian women will end up paying customs duty at airports in India.”
article:324162:16::0
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