How much gold is allowed from Kuwait to India
Kuwait allows travelers to India to carry jewelry and gold bullion, but this is subject to several conditions that must be met in addition to the disclosure procedures required upon leaving Kuwaiti territory and the customs clearance procedures that must be followed upon arrival in India.
Table Of Content
How much gold is allowed from Kuwait to India
The State of Kuwait has not specified the value of gold that can be taken to India, but holders of gold bullion worth more than 3,000 Kuwaiti dinars must declare it when traveling, and it is not possible to enter India with gold bullion weighing more than 1 kilogram according to the decisions and laws in force.
Duty on gold coming to India from Kuwait
The Indian government imposes a duty of 10% on gold bullion brought into India by travelers, with only gold ornaments exempted. The value of gold used to calculate the duty varies from time to time due to the fluctuation in gold prices from one day to another. [1]
Gold Disclosure Procedures for Travel from Kuwait to India
Below are the procedures for declaring gold when travelling from Kuwait to India:
- Step 1: The customs officer shall verify the information on the declared currencies, coins, negotiable monetary instruments, precious metals or precious stones
- Step 2: After entering the details of the gold pieces in the automated system and stamping the Declaration Form with the customs seal.
- Step 3: The traveler to India gets a copy of the declaration form and is allowed to exit the country to India.
Gold Disclosure Regulations for Travel from Kuwait to India
Below are the gold disclosure rules for travel from Kuwait to India:
- All passengers departing from Kuwait shall declare to customs any currencies, coins, negotiable monetary instruments, precious metals or precious stones exchangeable into cash money in their possession, which exceed the permitted limit.
- All institutions (banks, exchanges, money remittance offices) shall abide by the procedures for declaring currencies, coins, negotiable monetary instruments, precious metals or precious stones exchangeable into cash money, irrespective of exported amount of cash or money instruments.
- Threshold of the currencies, coins, negotiable monetary instruments, precious metals or precious stones exchangeable into cash money to be declared shall be specified as the Kuwait may agree.
- Currencies, coins, negotiable monetary instruments, precious metals or precious stones exchangeable into cash money, transiting through consignments or postal parcels carried by licensed carriers for the interest of companies or natural persons, shall be declared to customs.
- Licensed companies shall follow the declaration procedures.
- Foundations may not import currencies, coins or negotiable monetary instruments, unless authorized to do so by the competent body in the Kuwait.
- Customs administrations may use and implement electronic systems to facilitate declaration and electronic exchange procedures.
- The customs office may request translation of the foreign invoices or documents into Arabic.
Conclusion
The quantities of gold that can be carried from Kuwait to India are determined by the applicable decisions and regulations. This does not include gold jewelry, but is limited to bullion or large quantities of jewelry that are taken out for commercial purposes.
Questions & Answers
The amount of gold you can carry to India is 1 kg.
Gold jewellery is exempted from customs duty on arrival in India while duty has to be paid on other gold items.
Yes. NRIs can bring into India gold up to 10,000 grams as part of their baggage once in 6 months provided they have stayed abroad for a continuous period of 6 months.
There is no amount of gold that can be worn and taken to India unless it reaches a commercial quantity.
Yes, gold must be declared in Kuwait before travelling to India.
Yes, you can wear gold and go to India.
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