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Gold symbolizes our culture, tradition, and heritage. Many Indians take advantage of the lower gold prices in Dubai, but bringing gold from abroad comes with certain regulations.
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Dubai is popular for Indians to buy gold due to its lower prices. This is due to zero GST on bullion and gold jewelry and lower manufacturing costs, making 24K gold approximately 5% to 7% cheaper than in India.
Indian travelers can bring up to 1 kg of gold from Dubai if they have stayed abroad for more than six months. However, customs duties apply to gold beyond the duty-free limit.
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For male passengers, the duty-free limit is 20 grams, and for female passengers, it's 40 grams. Children can also carry up to 40 grams of gold ornaments. Customs duty applies on excess.
Importing gold into India attracts customs duties. The rate depends on the duration of your stay abroad. For stays longer than 6 months, the customs duty is 13.7% for up to 1 kg.
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If you are carrying gold beyond the duty-free limit, you must declare it at customs upon arrival in India. Failure to declare excess gold can result in penalties.
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Yes, you can buy gold duty-free if you stay in Dubai for more than 6 months. Male passengers can carry up to 20 grams, and female passengers and children can carry up to 40 grams without paying customs duty.
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By following these guidelines, you can bring gold from Dubai to India without any hassles. Remember to check the latest customs regulations and duties before making your purchase.