1. New Regulations Come into Effect
New rules regarding the import of gold from foreign countries have come into force, bringing clarity on how much gold can be carried into india without paying customs duty.
2. Big Relief for Long-Term Overseas Indians
Indian citizens who have been living abroad for more than one year are now allowed to bring gold into the country without paying tax, subject to specific limits.
3. 40 Grams of gold Allowed Duty-Free
As per the new rules, eligible indian citizens can carry up to 40 grams of gold without paying any customs duty.
4. Who Is Eligible for This Benefit?
This exemption applies only to Indian citizens who have stayed overseas continuously for over one year before arriving in India.
5. Designed for Personal Use
The duty-free gold allowance is meant for personal use, not for commercial purposes or resale.
6. A Move to Simplify Customs Procedures
The revised rules aim to simplify customs regulations and reduce confusion among travellers arriving from abroad.
7. Important Reminder for Travellers
Passengers must still declare the gold at customs if required and ensure they do not exceed the permitted limit.
8. Know the Rules Before You Fly
Travellers are advised to stay updated on customs regulations to avoid penalties, confiscation, or additional charges at the airport.
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