How much gold jewelry : you can carry legally Kuwait to India
People around the world especially women want to invest in gold as it is always a precious metal.
According to the customs rules of the South Indian country, a non-resident Indian (NRI) can carry 205 KD (50,000 INR) of gold, in the case of female passengers, the limit is 410 KD (1,00,000 INR). The traveller must reside in Kuwait for more than one year. Gold jewellery carried above this limit is subject to customs clearance.
About 825000 Indian nationals are living in Kuwait and most of them prefer to buy gold jewellery from there as it is tax free. A large number of tourists from India buy gold jewellery during their visit to Kuwait.
One of the world’s largest markets for gold, India has announced a mandatory hallmarking for precious metal jewellery and accessories to make it a global gold hub.
Malabar Group Chairman Ahmed said that New Delhi’s decision to hallmark gold jewellery is aimed at protecting the public from adulteration. It would oblige manufacturers and retailers to maintain legal standards of fineness and purity.
‘However, as the Bureau of Indian Standards is India’s national standards organization, this rule doesn’t affect gold purchases by customers outside India. They get the value of gold according to gold carat age (18 K, 21K, 22K),’ he said.
He added that most jewelers have karat analyzers that can check the purity of the gold so that the full value can be ascertained while selling and exchanging.
