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of <h1>New Customs Duty Rates on Imported Gold for Indian Passengers: Key Exemptions and Conditions Explained.</h1> The notification outlines the duty rates on gold imported by eligible passengers of Indian origin or those holding a valid passport under the Passport Act, 1967. It exempts certain gold items from customs duty exceeding specified rates: Rs. 300 per 10 grams for gold bars and coins, and Rs. 750 per 10 grams for other forms of gold. Conditions include payment in convertible foreign currency, a maximum import of 10 kilograms per passenger, and gold brought within 15 days of arrival. The exemption also applies to gold from customs bonded warehouses, subject to declaration and duty payment before customs clearance.
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