Sunday, December 22, 2024
HomefinanceGold Rules In India : Big News!You can bring so much gold...

Gold Rules In India : Big News!You can bring so much gold from abroad, know the guidelines of Government of India

The Customs Department of Mumbai Airport has seized watches worth crores of Team India all-rounder Hardik Pandya.

The value of the watches seized from Hardik Pandya is said to be around Rs 5 crore. According to reports, Hardik Pandya had neither the bills nor the necessary documents for these watches. Let’s know about it in detail.

In this whole matter, Hardik Pandya has said that the Customs Department has not seized his watches but has kept them for assessment of custom duty. Along with this, he also said that the cost of those watches is not Rs 5 crore but Rs 1.5 crore.

Custom duty is collected on goods brought from abroad

The Government of India collects custom duty from its citizens on the goods brought from abroad. There are many rules for fixing custom duty. It is determined according to many factors like different countries, different goods and duration of stay abroad.

According to the rules, people coming from abroad have to give correct details of all their goods in the customs department. You can buy and bring any goods from abroad only in the prescribed quantity. Along with this, you should have all the necessary documents for all those items.

How much gold can travelers bring from abroad

Today, here we are going to tell you about some such items and their quantity. No citizen of India can bring more than the quantity of goods decided by the government. If a person does this then legal action is taken against him.

According to the rules of the Government of India, citizens who have been living abroad for one year can bring only a maximum of 40 grams of gold. This gold should be in the form of jewelery only. Apart from this, a maximum of 40 grams of gold has been fixed for women, men can bring only a maximum of 20 grams of gold with them. If you have gone abroad only for a few days, then in such circumstances it is better not to bring gold.

What is the rule for alcohol and cigarettes

Many people also buy expensive liquor or cigarettes from abroad and bring them to India. In such a situation, the government has made a limit for these things as well. According to the rules of the Customs Department, a passenger coming from abroad can bring only a maximum of 2 liters of liquor or beer with him. Apart from this, he cannot bring with him more than 100 cigarettes or 25 cigars or 125 grams of tobacco.

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @insuranceindiaain@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments