Move 2 India - gold silver import nris

How much jewellery can be imported by a passenger?
An Indian passenger who has been residing abroad for over one year is allowed to bring jewellery, free of duty in his bonafide baggage upto an aggregate value of Rs. 10,000/- (in the case of a male passenger) or Rs.20,000/- (in the case of a lady passenger). This is in addition to his/her usual free allowances.
If a passenger who is a Indian passport holder has been working abroad and returning after termination of work following a stay of 365 days abroad during the two previous years, he/she can also bring Gold & Silver in any form other than ornaments (Sl. 17 of Annexure-II) as part of the baggage on paying 15% duty, subject to the upper total value limit of Rs.75,000/- for all listed items.
Passengers of Indian Origin who have stayed abroad for at least 6 months can import raw gold and silver / jewellery in excess of the above mentioned amount on payment of duty at the prescribed rate. However, stone or pearl studded jewellery are not allowed under this scheme. Details of the scheme has been given below.
Import of Gold as baggage on payment of duty
Who can import gold as baggage?
(a) Any passenger of Indian origin (even if a foreign national except Pakistani / Bangladeshi national).
(b) Any passenger holding a valid passport issued under the Passport Act, 1967.
Conditions
(i) The weight of gold (including ornaments) should not exceed 10 Kgs. per passenger.
(ii) Such passenger is coming to India after a period of not less than six months of stay abroad. However, short visits during these six months shall be ignored if the total duration of such short visits does not exceed 30 days and the passenger has not availed of the exemption under this scheme, at the time of such short visits.
(iii) The duty is payable by the passenger in convertible foreign currency at the rate of Rs.255 per 10 gms. if the imported gold is in the form of tola bars. However, if the imported gold is in the form of gold bars (other than tola bars) bearing the manufacturer's or refiner's engraved serial numbers and weight expressed in metric units, and on gold coins, the duty will be Rs.102 per 10 gms.
(iv) Ornaments studded with stones and pearls will not be allowed to be imported under the scheme mentioned above.
(v) The passenger can either bring the gold himself at the time of arrival or import the same within fifteen days of his arrival in India as unaccompanied baggage. There is no restriction of the sale of the gold in India.
(vi) The passenger can also obtain the permitted quantity of gold from Customs bonded warehouse of State Bank of India and Metals and Minerals Trading Corporation subject to conditions (i) and (iii). He is required to file a declaration in the prescribed Form before the Customs Officer at the time of arrival in India stating his intention to obtain the gold from the Customs bonded warehouse and pay the duty before clearance.
Note :
1. The jewellery, which is in addition to the jewellery otherwise allowed without payment of duty, only is liable to payment of duty under the above mentioned scheme for import of gold/silver.
2. Import of gold by concealment in baggage coupled with no declaration will lead to confiscation along with imposition of fine/penalty and the offender may also be arrested.
Import of Silver as baggage on payment of duty
Who can import silver as baggage?
(a) Any passenger of Indian origin (even if a foreign national).
(b) Any passenger holding a valid passport issued under the Passport Act, 1967.

Conditions
(i) The weight of silver (including ornaments) should not exceed the quantity of 100 kgs. per passenger.
(ii) Such passenger is coming to India after a period of not less than six months of stay abroad. However, short visits during these six months shall be ignored if the total duration of such short visits does not exceed 30 days and the passenger has not availed of the exemption under this scheme, at the time of such short visits.
(iii) The duty at the rate of Rs.510 per kg. is payable by the passenger in convertible foreign currency.
(iv) Ornaments studded with stones and pearls will not be allowed to be imported under the scheme.
(v) The passenger can either bring the silver himself at the time of arrival or import the same within fifteen days of his arrival in India. There is no restriction of the sale of the silver in India.
(vi) The passenger can also obtain the permitted quantity of silver From Customs bonded warehouse of State Bank of India and Metal and Mineral Trading Corporation subject to conditions (i) and (iii). He is required to file a declaration in the prescribed Form before the Customs Officer at the time of arrival in India stating his intention to obtain the silver from the Customs bonded warehouse and pay the duty before clearance.

Note :
1. The jewellery, which is in addition to the jewellery otherwise allowed without payment of duty, only is liable to payment of duty under the above mentioned scheme for import of gold/silver.
2. Import of silver by concealment in baggage coupled with no declaration will lead to confiscation along with imposition of fine/penalty and the offender may also be arrested.