A UAE-based organisation has formally asked the Indian government to provide clarification on the country’s gold-carrying regulations for foreign nationals. On Wednesday, the Indian Association of Sharjah wrote to Nirmala Sitharaman, the nation’s finance minister, requesting that the customs baggage declaration rules be clarified to reflect the current gold prices.
Pratheep Nemmara, the vice president of the organization, described how, during his most recent trip to India, he was “harassed” for over an hour at an airport for carrying two 30-gram gold bangles.
When asked if he had any gold on him, he answered, “I declared what I had.” “The cops requested that I either give them ‘something’ or pay a 35% tax on the gold. I persisted on paying the Rs107,000 (about Dh4,400) tax on the gold I was carrying since I merely wanted to follow the law.
The legislation governing the amount of gold that foreign nationals are permitted to bring home was drafted over ten years ago and does not reflect the current situation. Due to this outdated assessment, many foreign visitors must pay hefty duty fees for little amounts of gold at a time when gold prices have reached all-time highs.
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