Beware Gulf expats: You cannot carry more than 4gm of gold jewellery

[email protected] (Emirates247)
June 1, 2012

Dubai, June 1: Yes, as silly as that might sound, Indian Customs and baggage allowance regulations – outdated as they are – forbid passengers from carrying gold jewellery worth more than Rs10,000 (Dh655) if you're a male, and Rs20,000 (Dh1,310) if you're a woman.

At today's gold rates (Dh183 for 1gm of 24 carat gold), that translates into gold jewellery weighing a princely 3.57 grams for gentlemen and a rather lavish 7.15 grams for the ladies.

India's Central Board of Excise and Customs, which falls under its Ministry of Finance, stipulates that “An Indian passenger who has been residing abroad for over one year is allowed to bring jewellery, free of duty in his bona fide baggage up to an aggregate value of Rs10,000 (in the case of a male passenger) or Rs20,000 (in the case of a lady passenger).”

gold


Anything above that miserly limit is taxable under the Indian law, and if you're passing through the green channel with more than a few grams of gold on your person, well, the officer in-charge will be well within his rights to ask you to pay duty on the jewellery and/or face prosecution for trying to 'smuggle' gold and evade duty.

While Indian Customs are quick to update the exchange rates (last updated May 26, 2012) and now value the US dollar at Rs55.95 for imported goods and Rs55.15 for exported goods, the baggage rules were apparently last amended in 2006 – even though the limits set for gold and silver ornaments appear to have been set some time in last century, if not earlier.

And this amazing 'generosity' in India's baggage allowance is not limited to just jewellery. The Indian government does not allow even its own citizens to 'import' the Indian rupee, even if you are a non-resident Indian returning home for a vacation or visiting friends and family. The only exemption is for resident Indians, who may be returning home after a foreign visit. Even they can carry a maximum of Rs7,500 (Dh491).

However, the regulations do allow Indian expats returning home after a minimum of three months to carry household items (such as linen, utensils, tableware, kitchen appliances and an iron) up to an aggregate value of Rs12,000 (Dh787), and professional equipment up to a value of Rs20,000 (Dh1,311).

Those who've been out of India for at least six months get an additional quota of Rs20,000 for the professional equipment allowance.

But if you thought that professional equipment would include the likes of cameras and Dictaphones, well, you're wrong. “For the purposes of baggage rules, professional equipment means: Such portable equipment, instruments, apparatus and appliances as are ordinarily required in the profession in which the returning passenger was engaged. This expression includes items used by carpenters, plumbers, welders, masons and the like,” the regulations specify.

And as if to drive the message home, the rules add: “This concession is not available for items of common use such as cameras, cassette recorders, Dictaphones, typewriters, personal computers and similar items.”

Anyway, if you still want to 'import' gold weighing more than the allowance, here are the 'regulations' (source: Central Board of Excise and Customs website) that you are expected to adhere to:

IMPORT OF GOLD AS BAGGAGE

Who can import gold as baggage?

Any passenger of Indian Origin or a passenger holding a valid passport, issued under the Passport Act, 1967, who is coming to India after a period of not less than six months of stay abroad; and short visits, if any, made by the passenger during the aforesaid period of six months shall be ignored if the total duration of stay on such visits does not exceed thirty days.

Other Conditions

1. The duty shall be paid in convertible foreign currency.

2. The weight of gold (including ornaments) should not exceed 10kg per passenger.

Although the Customs website mentions 10kg allowance for dutiable gold import as baggage per passenger, according to latest reports, this limit has now been reduced to 1kg]

3. The passenger should not have brought gold or other ornaments during any of his visits (short visits) in the last six months i.e., he has not availed of the exemption under this scheme, at the time of short visits.

4. Ornaments studded with stones and pearls are not allowed to be imported.

5. The passenger can either bring the gold himself at the time of arrival or import the same within fifteen days of his arrival in India as unaccompanied baggage.

6. The passenger can also obtain the permitted quantity of gold from Customs bonded warehouse of State Bank of India and Metals and Minerals Trading Corporation subject to conditions (i) and (ii) above. He is required to file a declaration in the prescribed Form before the Customs Officer at the time of arrival in India stating his intention to obtain the gold from the Customs bonded warehouse and pay the duty before clearance.

RATE OF DUTY

- Gold bars, other than tola bars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units and gold coins: Rs300 (Dh20) per 10gm + 3% education cess

- Gold in any form other than above, including tola bars and ornaments, but excluding ornaments studded with stones or pearls: Rs750 (Dh49) per 10gm + 3% education cess


Comments

Hildegard
 - 
Friday, 11 Mar 2016

Did you are aware that simply erasing or sanitizing your harddrive does not
guarantee that all of your private information is non-retrievable.
Maintenance can also be an important aspect of choosing a paper shredder.

You won't find a better source for paper shredders anywhere on the web.

my website ... NSA shredders: https://www.rebelmouse.com/glenngoldschmidt/paper-shredders-as-well-as-…

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 25,2020

Mangaluru, Jun 25: Teacher-turned-serial rapist-cum-killer Cyanide Mohan Kumar was sentenced to life imprisonment in the 20th and final case by Sixth Additional District and Sessions Judge Sayeedunnisa on Wednesday.

Cyanide Mohan Kumar (57) was declared guilty in the 20th rape and murder case on Saturday and the judge had pronounced the order before a small group of advocates in the court hall. Cyanide Mohan who appeared in the court hall via video conferencing facility from Hindalga central jail in Belagavi did not show any emotions.

The 25-year-old victim from Kasaragod was working as a cook in a hostel and met Mohan, serving as a teacher in 2009. He had met her at her home on many occasions and had promised to marry her.

On July 8, 2009, she left home on the pretext of visiting a temple in Sullia and

did not return. When her family tried to reach her on phone, Cyanide Mohan had told they were married and would return home soon.

Mohan took her to a toilet in a bus stand in Bengaluru on July 15, 2009, and had left with her jewels after ascertaining that she had died by consuming Cyanide. No sooner Mohan was arrested in October 2009, the family of the victim had recognised him from the newspapers. The police also recovered the victim’s jewellery from the house of Mohan’s second wife.

Sixth Additional District and Session Court convicted Mohan under sections of IPC 302 for murder with life sentence and Rs 25,000 fine, IPC 366 for kidnapping with ten years of rigorous imprisonment and Rs 5000 fine, IPC 376 for rape with seven years of rigorous imprisonment and Rs 5000 fine, IPC 328 for poisoning with ten years of imprisonment, IPC 394 for causing hurt while robbing with 10 years of imprisonment and Rs 5000 fine, IPC 392 for theft with five years of imprisonment, IPC 201 for destroying evidence with seven years of rigorous imprisonment and Rs 5000 fine, IPC 417 cheating and one year of imprisonment.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
May 28,2020

Mangaluru/Udupi, May 28: Coastal Karnataka witnessed further spike in covid-19 cases today with 27 people testing positive for coronavirus in Udupi and six in Dakshina Kannada. 

Among 27 coronavirus patients in Udupi 18 are males and 9 females. Among them 24 have come from Maharashtra, two from Telangana and one from Kerala. All of them were under quarantine.

As many as 147 confirmed cases of coronavirus have been reported so far in the district, including a death. Three have recovered, and 143 are active.

In Dakshina Kannada, 2 females aged 18 and 62, and four males aged 25, 36, 50 and 61, are the ones to be tested positive. All the six persons to test positive are Maharashtra returnees.

With this, the number of cases in DK has increased to 87, out of which 51 are currently active. As many as 29 persons have recovered and been discharged, and seven deaths have occurred so far.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 17,2020

Bengaluru, Apr 17: The Karnataka government on Friday asked Information Technology, biotechnology and allied companies not to go for closure or layoffs citing lack of work orders due to COVID-19 lockdown and instead consider measures like cutting salaries among other things.

It said IT/BT companies in the state can resume operations with 50 per cent from their office space after April 20.

Deputy chief minister C N Ashwath Narayan, who is also in charge of IT & BT department, held video consultation with the captains of the industry in light of the disruption caused due to the lockdown, and discussed on the way forward - both for effective implementation of the lockdown as well as the future course to deal with the unique circumstances.

"Immediately we are going to permit 50 per cent, but it doesn't mean that they will be able to mobilise 50 per cent immediately. It will take few weeks for them to do so. Gradually percentage will increase and it will start getting back to normalcy," Ashwath Narayan told reporters.

Stating that there were discussions regarding layoffs, he said, companies should not go for layoffs, instead of that gradation or deduction in the salary should be taken up, so that it doesn't affect the functioning of companies also that are facing less orders.

"On handling such financial crisis they (industry) wanted government consideration with mutual cooperation and understanding the concerns," he added.

Pointing out that concerns were also expressed regarding measures or protocol that needs to be followed if any positive cases are reported in any of the office spaces, Ashwath Narayan said, certain guidelines will be issued in consultation with the Health Department.

"Once the relaxation is given this may become the usual phenomena, as cases will be reported here and there... so in that scenario how we need to work and handle the situation is important, so we will be working on protocols how to handle the situation. So far we have planned for residential areas and not for work spaces," he said.

The deputy chief minister said the IT and BT industry leaders are extremely happy with regard to the support system or backup given by the government of Karnataka, particularly IT/BT department.

Even during this crisis period in the entire world, Karnataka and Bengaluru were able to get a good reputation and become reliable partner, as IT/BT service providers in both the city and the state were able to provide excellent quality services to their clients without any interruption, he said.

If you compare with any state or country, we have done extremely well, and hope that this would get more business, he added.

Biocon chief Kiran Mazumdar Shaw, Infosys co-founder Kris Gopalakrishnan, who is also the Chairman of Vision Group IT, were among others present at the video conferencing.

Noting that concerns expressed by the industry regarding passes for employees to commute to office, Ashwath Narayan said, the government would make necessary arrangements in this regard, considering measures that need to be taken after April 20.

Regarding providing transport facility, they can seek for services from public transport Bangalore Metropolitan Transport Corporation (BMTC) on a contract basis, he said, adding that "We will be ready to facilitate BMTC."

The minister said the industry leaders wanted internet services to continue with the same quality and without any interruption.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.