For travelling abroad, one needs to be careful about one's baggage. It is usual for one to carry jewellery, cash and expensive gadgets, but unless one declares the goods and their value before leaving, one can fall into customs' net upon return. As per customs rules, for carrying gold and expensive items from India to other countries, one needs to procure a certificate from the precious cargo complex a day in advance. Upon return, the certificate can be shown to customs to claim duty exemption . "The traveller can thus leave the airport without any hassle ," said an officer from the Air Intelligence Unit.
What about bringing home goods bought abroad? "One needs to pay duty if one brings into the country things that cost more than a certain limit," said a customs official. The duty is 36% for goods worth more than Rs35,000. For gold, the duty regime is more liberal for women, the allowance being amounts costing up to Rs20,000. For men, the limit is Rs10,000. Amounts of gold above these limits attract a duty of 36%. As for cash, one is allowed to bring into the country $5 000 and an equal amount in traveller's cheques (above what one declared at the time of leaving India).
Customs officials say travellers should never knowingly hide valuables to escape duty. "If discovered, they need to pay a fine apart from duty. It could also lead to an arrest and a court case," said an official. "In 20-30 % of the cases, the intention is not smuggling, but the cases are classified as such."
07/07/13 Chinmayi Shalya/Economic Times
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What about bringing home goods bought abroad? "One needs to pay duty if one brings into the country things that cost more than a certain limit," said a customs official. The duty is 36% for goods worth more than Rs35,000. For gold, the duty regime is more liberal for women, the allowance being amounts costing up to Rs20,000. For men, the limit is Rs10,000. Amounts of gold above these limits attract a duty of 36%. As for cash, one is allowed to bring into the country $5 000 and an equal amount in traveller's cheques (above what one declared at the time of leaving India).
Customs officials say travellers should never knowingly hide valuables to escape duty. "If discovered, they need to pay a fine apart from duty. It could also lead to an arrest and a court case," said an official. "In 20-30 % of the cases, the intention is not smuggling, but the cases are classified as such."
07/07/13 Chinmayi Shalya/Economic Times
