How Much Gold Can You Bring from Abroad Without Paying Tax?
1. New Regulations Come into EffectNew rules regarding the import of gold from foreign countries have come into force, bringing clarity on how much gold can be carried into india without paying customs duty.2. Big Relief for Long-Term Overseas IndiansIndian citizens who have been living abroad for more than one year are now allowed to bring gold into the country without paying tax, subject to specific limits.3. 40 Grams of gold Allowed Duty-FreeAs per the new rules, eligible indian citizens can carry up to 40 grams of gold without paying any customs duty.4. Who Is Eligible for This Benefit?This exemption applies only to Indian citizens who have stayed overseas continuously for over one year before arriving in India.5. Designed for Personal UseThe duty-free gold allowance is meant for personal use, not for commercial purposes or resale.6. A Move to Simplify Customs ProceduresThe revised rules aim to simplify customs regulations and reduce confusion among travellers arriving from abroad.7. Important Reminder for TravellersPassengers must still declare the gold at customs if required and ensure they do not exceed the permitted limit.8. Know the Rules Before You FlyTravellers are advised to stay updated on customs regulations to avoid penalties, confiscation, or additional charges at the airport. Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.