Under Indian tax rules, individuals are allowed to bring in very limited amounts of gold jewelery from foreign markets like Dubai without tax inspection.
Gold and silver from foreign markets can be brought only in the form of jewellery/ornaments. Indian laws do not allow the import of gold or silver in any form other than ornaments.
An Indian traveler staying abroad for more than 1 year can bring up to 20 grams of jewelery worth Rs 50,000 in his luggage duty-free, say tax experts. A female passenger can bring 40 grams of jewelery worth Rs 1 lakh.
The limits prescribed by the Central Board of Indirect Taxes and Customs (CBIC) for Indian travelers returning to India after a period of 1 year are as follows:
| Gender of Passenger | Duty-free import limit (Aggregate Value) | Maximum value (INR) |
| Male | 20 grams of gold jewellery | Rs. 50,000 |
| Female | 40 grams of gold jewellery | Rs. 1,00,000 |
“The Central Board of Indirect Taxes and Customs (CBIC) in India specifies the amount of gold that can be imported into India without incurring the wrath of taxpayers. However, CBIC has allowed tax-free allowance on gold only in the form of jewelery and other forms like coins, bars, bullion are not allowed,” says Dr Suresh Surana, Founder, RSM India.
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