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of <h1>Central Government Exempts Gold Imports as Baggage from Certain Duties Under Customs Act 1962 for Returning Indian Passengers</h1> The Central Government, under the Customs Act, 1962, exempts gold imports as baggage from certain customs duties. This applies to gold, excluding stone or pearl-studded ornaments, under Heading No. 98.03 of the Customs Tariff Act, 1975. The exemption is for Indian-origin passengers or valid passport holders returning to India after at least six months abroad. The customs duty is reduced to Rs. 450 per ten grams, payable in convertible foreign currency. This exemption is limited to a maximum of five kilograms of gold per passenger.
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