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How much gold we can bring from Dubai to India without tax

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A total of 39 tonnes of gold was sold at this year’s Danteras festival. Imagine 39 tonnes in a matter of days. As per IBJA, the sale of gold recorded a 30% rise Year on Year despite inflationary fears.

What is special about gold

One of the precious metals that are extracted is gold, which ranks as the world’s fifth most valuable commodity. It is widely used in India to make Gold ornaments and jewelry. We the Indians believe that wearing Gold is a matter of pride and status in society.

No matter what economic uncertainty arises, gold can withstand it. Even when the pandemic broke out, Gold fell negligible compared to the stock markets and real estate. Additionally, gold can be used as an investment hedge to balance a portfolio.

But unlike in Dubai, Gold in India is a little bit costlier. Due to the various taxes, Indian people will have to pay more money than the same that is available in Dubai.

So, most people in India think that instead of buying gold in India, we can actually tour around Dubai and bring back the same gold which will be paying in India.

That’s the reason most people choose to buy gold from Dubai.

Why Gold in Dubai is cheaper than in India?

If we look at the price of Gold in Dubai


The 24carat gold price in Dubai is 47,016

But where India


It is 53,935

So, we can clearly observe that the price variation is almost 5 thousand i.e 5%

The main reasons are

The reason behind this variation is

In Dubai, there is no tax applicable on Gold. In fact, Gold is free from tax.
visitors will have to pay 5% VAT on purchases. But the VAT taken will be given back once they reach to the airport and claim that.

In India, on the purchase of GOLD, 3% GST must be paid. Additionally, 8% GST will be charged as making charges.

As TAX increases, the price of GOLD will also rise followingly.

But carrying GOLD from Dubai to India will have some limitations accordingly. Carrying more than the limit will get punished and made to pay fines.

Male20 Grams or not costing more than 50,000 rupees
Woman40 Grams or not costing more than 1 lakh

Let us look at those

How much can an Indian carry in gold?

A male passenger can carry 20 Grams of GOLD not costing more the 50,000 rupees

Example –

If Raju is a person who wants to bring gold from Dubai to India. Then he can carry 20 grams or below 50,000 rupees of Gold. as we have seen in the above example, the cost of 10 grams of gold in Dubai is 47,000. So, Raju can carry 10-11 grams.

A woman can carry 40 grams of gold not casting more than lakh rupees.

These conditions are applicable only when you hold an Indian passport and stayed outside of India for more than 6 months.

What if you want to carry more gold?

For people who stayed outside of India and want to carry excess limit then they should pay 12.5% + 1.25% (Social welfare charge) on the total gold carried.

In the remaining case, it is 38.5% of the total gold carried.

How much gold gets sold on this Dhanteras

39 tonnes of gold for sold in 2022

What is the VAT on Gold in Dubai

There will be a 5% VAT charged on gold purchases. As soon as they reach the airport, the VAT taken will be refunded.

How much gold we can carry from Dubai to India without TAX

For males, it is 20 Grams or not costing more than 50,000 rupees
For females, it is 40 Grams or not cost more than 1 lakh

However, they must reside out of India for more than 6 months.

What if you want to carry more gold?

For people who stayed outside of India and want to carry excess limit then they should pay 12.5% + 1.25% (Social welfare charge) on the total gold carried.

thewallstreeteye

Varun is a stock market enthusiast and passionate writer. He has 2+ years of experience in writing about stock market and personal finance.