Re: [www.keralites.net] Duty for Excess Gold...

 

Really the Government of India is trying to implement the 30-40 days OLD laws to poor NRI's. That means a Person can bring only the worth 10000 RS Gold to india without Duty.

It is less than 4 grams...

All NRI's should Salute --- Indian Government - At last they have done a 'GOOOOD' thing for you...

IMPORT OF JEWELLERY

An Indian passenger who has been residing abroad for over one year is allowed to bring jewelery, free of duty in his bonafide baggage up to an aggregate value of Rs. 10,000/- (in the case of a male passenger) or Rs.20,000/- (in the case of a lady.

Sl.No.
Description of Goods
Rate

1.
Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units and gold coins
Rs. 300 per 10 gms. + 3% Edu. Cess

2.
Gold in any form other than at Sl.No. 1 above including tola bars and ornaments, but excluding ornaments studded with stones or pearls
Rs. 750 per 10 gms. + 3% Edu. Cess

Duty Free allowance for bonafide baggage consisting of
For passengers of age

10 years and above
below 10 years

(i)
Used personal effects (excluding jewellery) required for satisfying daily necessities of life
Free
Free

(ii)
Other articles carried in person or in accompanied baggage
(a) if Stay abroad for more than three days

(b) if Stay abroad upto three days
Valued upto Rs.25000/-

Valued upto Rs.12000/-
Valued upto Rs.6,000/-

Valued upto Rs.3000

On Fri, May 4, 2012 at 2:50 PM, kps manian <kps71042@yahoo.co.in> wrote:

I do not fiNd anyhign wrong here. If you cArry more than permissible limits, natually government (customs) have to tax you - to pay customs duty.

escaping the same - don't you think it amounns to smuggling.

k.p.subraamanian

From: Jinto P Cherian <jinto512170@yahoo.com>
To: Keralites <Keralites@YahooGroups.com>
Sent: Thursday, 3 May 2012 10:03 PM
Subject: [www.keralites.net] Duty for Excess Gold...

IN Kochi International AirPort, I Paid Rs.3029/-Customs Duty for Only 21 gm. Gold.

So Friends Be Careful...People With Vultures Eyes Waiting for Us................

www.keralites.net

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