Gold import nri

Male passengers are allowed to bring in duty free gold worth Rs 50,000 into India. For women the limit is Rs 1 lakh. If you are carrying gold over and above these limits, you will be subject to duty.

You can import gold bars, coins and ornaments up to 1 kg during your trip to India, subject to payment of duty. You would need to declare the gold on arrival and pay duty which presently is 4% of notified value in case of gold bars bearing serial number, weight and manufacturer's name and 10% in case of any other kind of gold, including jewellery. The 'notified' value is a value determined by the Government from time to time.

The only pre-condition for gold import is that NRIs should have stayed abroad for a period of six months or more. "Since the scheme provides import facility after a stay of six months, an NRI can import gold once in six months. However, short visits to India of 30 days or less are ignored in calculating this period of 6 months," explains Rajesh Dhruva, CEO of femaonline.com.

actually i dont have much knowledge in this area.........