Facilities on overseas assets for NRIs returning to India – Gold and Silver import
Below are the general guidelines on Gold and Silver import into India by returning NRIs including maximum limits, duty and other restrictions:
Import of gold by NRIS
- NRIs can bring into India gold up to 10,000 grams as part of their baggage once in six months provided they have stayed abroad for a continuous period of six months.
- The gold may be brought into India in any form, including ornaments (other than ornaments studded with stones and pearls).
- NRIs are required to pay customs duty in any convertible foreign currency. Refer to the Export Import Policy of the Government of India for the latest rate in rupees per 10 grams of gold.
- NRI can bring gold into India once in six months.
- NRI should have stayed abroad at least for a minimum period of six months prior to his/her return to India for being eligible to bring gold.
Import of silver by NRIS
- NRIs can bring to India silver up to 100 kilograms as part of their personal baggage.
