Import & Export Considerations

Calculating exact landed costs for commercial import/export is highly complex. The calculator above is for a personal buyer. Below are key factors for commercial trade:

Importing into India

• Customs Duty: A standard 15% (including cesses) on the gold value.
• GST: 3% is charged on the value after customs duty is applied.
• Nominated Agencies: Only government-approved banks and agencies can import gold.

Exporting from India

• Duty Drawback: Exporters of gold jewelry may be eligible for a refund of the duties paid on the imported gold used in the jewelry, subject to complex regulations.
• Wastage Norms: The government specifies allowable wastage percentages for different types of jewelry during manufacturing for export purposes.

Trading in Dubai (UAE)

• Import: Zero duty on raw gold makes it a global hub.
• Export: Very straightforward. A 5% VAT may be refundable for tourists and is not applicable for many commercial B2B exports.