Move 2 India - import jewellery

What are the rules regarding Jewellery ?
(a) How much jewellery can be taken out of India as baggage ?
There is no value limit on the export of Gold or other jewellery by a passenger through the medium of baggage so long as it constitutes the bonafide personal baggage of the passenger. A passenger may request the Customs for issue of an export certificate at the time of his/her departure from India, in respect of jewellery carried by him / her, to facilitate its duty-free re-import subsequently. Commercial export of gold jewellery through baggage is not allowed.
(b) How much jewellery can be brought into India as baggage ?
(i) Indian Residents and Foreigners residing in India returning from trip abroad can bring duty free only those jewellery which had been taken out of India as per process described at (a) above. Same rule applies for all those Indian passengers returning after stay abroad of less than 1 year.
(ii) Passengers who have been residing abroad for over one year and also those who are availing the Transfer of Residence (TR) facility, in addition to the scheme at (b)(i) above, are also allowed to bring jewellery, free of duty, worth Rs. 10,000/- in the case of a gentleman passenger and Rs.20,000/- in the case of a lady passenger. This concession is in addition to the articles which a passenger is entitled to bring in free of duty. No distinction has been made between an adult and a minor passenger. Value of the jewellery is determined at the normal rates prevailing in the open international market.
Under Transfer of Residence, one can also bring Gold & Silver in any form other than ornaments (Sl. 17 of Annexure-II of the Baggage Rules) as part of the baggage on paying 15.3% duty, subject to the upper total value limit of Rs.5 Lakhs for all listed items.
(iii) Tourists coming from abroad on short trip to India can bring reasonable amount of jewellery as personal effect provided they take those back with them during their return.
(iv) Gold / Silver Jewellery in excess of the duty free amount mentioned above is liable to payment of duty under the scheme for import of gold / silver subject to the prescribed conditions. Jewellery which consist of materials other than gold or silver or are encrusted with stones will be valued according to their international market rate and will be charged duty according to their commercial import duty rates as per the Customs Tariff. Non-bonafide jewellery, concealed and non-declared jewellery and jewellery brought for commercial purposes as baggage are liable to seizure and subsequent imposition of fine/penalty and may even lead to the arrest of the passenger.