How much gold can you carry out of UAE?
Spate of arrests at airport creates confusion over exactly what the rules are.
Declaration: Jewellery worth Dh100,000 dirhams or more value in cash has to be declared by passengers travelling out of the UAE.
Proof of purchase
Dubai-based jeweller Manish Dhamani said there are no restrictions imposed on the amount of gold one can carry out of the UAE provided the passenger can furnish proof of the gold purchase and mode of payment. “You must have the duly signed and stamped invoices in original with you.”
Chandu Siroya, vice-chairman of the Dubai Gold and Jewellery Group said: “While there are no restrictions, excess quantities of gold will have to be declared with proper documentation which the authorities will stamp if everything is in order. Of course, how much you can carry will also depend on the limits imposed by the destination countries. So you must check that out from their government websites.”
Citing India as an example, he said: “A Non-Resident Indian who has stayed abroad continuously for over a year can bring duty free jewellery worth Rs100,000 in the case of women and Rs50,000 in the case of men. They can also bring up to one kilogram of gold or jewellery by paying the applicable duty.”
Though Indian lawmakers have placed curbs on the import of gold, the market is believed to be cashing in on cheaper gold from countries affected by fluctuating international prices.
As a result, there has been a huge spurt in Non-Resident Indians flying in with massive quantities of gold.
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