Gold buiscuits

[krrish4u]

no biscuits allowed now.....if u carry gold buscuit to india customs are charging 11% tax.......they will hold ur passport while they do baggage scan & until u pay they won't release ur passport..........u can take ornaments but not gold biscuit not even one 

[tom bhayya]

2 hours ago, Kool_SRG said:

India ki teesukupotaaniki US lo koni teesuraavalsina avasaram unda ikkada manchi ga dorukutaayi.... I mean is it worth brining it from there such that it has vast price difference.

 

There are many branded jewellers now a days provide you certified gold coins & bars even some banks offer it...

India lo gold meedha tax ekkuva almost 15% cost difference 

[tom bhayya]

Biscuit risky coins manage cheyochu

[Amrita]

2 hours ago, MDharmarajuMA said:

1) Ekkada konali US lo?

2) one gold buiscuit koni India teesukelthe any customs problems?

3) Gold rates emayina taggaya?.is is right time to buy?

4) 22karat or 24karat konte better aa? Im novice in gold. Konchem cheppandi 

1 gold coin lite and konte eppudu 24 karat better. Canadian maple coins konandi. Thats a good one.

Masthu sites unnayi like JMbullion, Kitco, goldsilver etc.  1 oz coin -2 varaku tesukelthe em kadu.  I took in past. 

[Kool_SRG]

10 minutes ago, tom bhayya said:

India lo gold meedha tax ekkuva almost 15% cost difference 

But ikkada customs gatra kattalemo ga... If adhi katti kuda if you are saving good amount its fine to bring from there 

[coffeeabhi]

Where to buy: online sites like APMEX etc
Carats: 24
How many can we take to India? Upto 1kg by paying 11% tax at the Airport. It is not a crime. Just take out the Coins/Biscuits and place them in a small bag for security check, and carry the printouts for the online orders. The tax should be paid in US dollars, can be paid using bills or credit card.
Is it worth buying in US and taking to India? Indian gold shops lo konte, sale price + 3% GST extra. Not much difference actually in the overall price.

Any other alternative? Buy Gold ETF IAU. Maintenance fees is 0.25% per year (3% over 12 yrs, same as the GST in India). It will go up if gold price go up, goes down if gold price goes down. Can sell anytime online just like shares. Of course, you pay tax on the profit in the US when you sell them.