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How to Carry Gold coins from USA

Discussion in 'General Discussions - USA & Canada' started by Dynamic, Jan 4, 2013.

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  1. Jan 4, 2013 #1
    Dynamic

    Dynamic Bronze IL'ite

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    Hi,

    I want to know if anyone carried gold coins recently from US to India. We are planning on a trip to India..we are thinking to take some gold coins with us, so can anyone tell me the details..what are the custom's prices and the limits (Gold Quantity) etc..

    Thanks in Advance
     
    Dynamic, Jan 4, 2013
    Dynamic, Jan 4, 2013
    #1
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  2. Jan 4, 2013 #2
    mickeygirl

    mickeygirl Silver IL'ite

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    Even I am wondering how do you everyone carry (carryon baggage/Checkin baggage??) GoldCoins to India?
    Is there any restriction on number of coins/bars that we can carry?
    Do we need to face any issues at Customs?
     
    mickeygirl, Jan 4, 2013
    mickeygirl, Jan 4, 2013
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  3. Jan 4, 2013 #3
    tashidelek2002

    tashidelek2002 IL Hall of Fame

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    Look on India Embassy website...it's all there pertaining to bringing gold into India. And NEVER put valuables in checked luggage. If it was me I would carry in pouch under my clothing that you can access for customs time.
     
    tashidelek2002, Jan 4, 2013
    tashidelek2002, Jan 4, 2013
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  4. Mar 1, 2013 #4
    mickeygirl

    mickeygirl Silver IL'ite

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    Hello there,

    Can anyone let me know how many 1Oz gold coins can i carry from USA to India???
    With out any customs charges?? Please someone share your experience...
     
    mickeygirl, Mar 1, 2013
    mickeygirl, Mar 1, 2013
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  5. Mar 1, 2013 #5
    RPVAIL

    RPVAIL Silver IL'ite

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    Per Indian Customs rules travellers are permitted to carry a reasonable amount jewellery (read gold) with them when they arrive in India.

    There is no free or duty free limit for gold bullion. Gold coins and Bars are considered as bullion. However if you are willing to pay the duty (which I believe is around Rs. 300 for 10 grams) you will be allowed to bring in 10 Kgs of gold coins/ bars.

    (No legal advise- Refer to Indian Customs Website)
     
    Last edited: Mar 1, 2013
    RPVAIL, Mar 1, 2013
    RPVAIL, Mar 1, 2013
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  6. Apr 25, 2013 #6
    springsnb

    springsnb Gold IL'ite

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    Hi girls,

    Reg gold.... The customs people are charging alot interms of taxes as of my frd experience. she went with 2 coins, there they asked her to pay rs 16,000 not (Rs 300 for 10grams) according to her
     
    springsnb, Apr 25, 2013
    springsnb, Apr 25, 2013
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  7. Apr 25, 2013 #7
    shireesha06

    shireesha06 Silver IL'ite

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    I carried one coin in 2010 and no one asked about it, even few jwls too in 2012 Nov no issues then too.
     
    shireesha06, Apr 25, 2013
    shireesha06, Apr 25, 2013
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  8. Apr 25, 2013 #8
    k11

    k11 Silver IL'ite

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    Why do people buy gold here and carry?
    Is it not better to buy in India itself.

    By the way Import Tax is 4% on Gold.
    The figures you guys quoted are lot higher and make it a loss making proposition on top of the risk.
     
    k11, Apr 25, 2013
    k11, Apr 25, 2013
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  9. May 18, 2013 #9
    rajinims

    rajinims New IL'ite

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    Sanjula can you share those ideas?
     
    rajinims, May 18, 2013
    rajinims, May 18, 2013
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  10. Oct 11, 2013 #10
    mickeygirl

    mickeygirl Silver IL'ite

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    Did anyone carried gold coins to india(hyderabad) recently?? I am travelling this month, planning to carry few gold coins...Any inputs would be appreciated.

    Thanks in advance!
     
    mickeygirl, Oct 11, 2013
    mickeygirl, Oct 11, 2013
    #10
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