CLEARANCE OF SILVER ON PAYMENT OF DUTY
A. Who can import silver as baggage?
a) Any passenger of India origin.
b) Any passenger holding a valid passport issued under the Passport Act, 1967.
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 duration of such short visit does not exceed 30 days and the passenger has not availed of the exemption under this scheme, at the time of such short visit.
iii) The duty at the rate Rs.500/- per kg. is paid 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 the arrival or import the same within fifteen days of his arrival 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 on 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.
Last update on: 6 July 1998.