1. Can NRIs bring gold into India?

2. In what form can the gold be brought into India?

3. Are NRIs required to pay customs duty on the gold brought by them into India?

4. How often can a NRI bring gold into India?

5. Is it necessary that the NRI should have stayed abroad at least for a minimum period of six months prior to his return to India for being eligible to bring gold?

Ans.I

Yes. NRIs can bring into India gold upto 10,000 grams as part of their baggage once in six months provided they have stayed abroad for a continuous period of six months.

Ans.II

The gold may be brought into India in any form, including ornaments (other ornaments studded with stones and pearls).

Ans.III

Yes. They are required to pay customs duty in any convertible foreign currency at a rate equivalent to Rs.220/- per 10 grams of gold.

Ans.IV

A NRI can bring gold into India once in six months.

Ans.V

Yes