Gold Import Duty Calculator India
Customs duty on gold bars and coins imported into India: 5% BCD, 1% AIDC and 3% IGST, 6% before tax since Budget 2024.
Updated · By Niraj Kumar · 3 sources
https://checkpre.com/logistics/gold-import-duty-india
What you are importing
Gold bars and coins, HS 7108 12 00: Gold in other unwrought forms.
Value of the shipment
ECB reference rate of 2026-09-24. Customs uses the CBIC-notified import rate; enter it for an exact figure.
- Assessable value
- ₹11,62,313
- FOB plus default freight and insurance
- Customs duty
- ₹69,739
- BCD 5% + AIDC 1%
- IGST
- ₹36,962
- Claimable as input tax credit if GST-registered
- Cost after IGST credit
- ₹12,32,052
- Goods, freight, insurance92%
- Customs duty5%
- IGST3%
Duty receipt
Gold bars and coins, HS 7108 12 00, from ChinaThese rates have not yet been checked against the CBIC tariff. Confirm them on ICEGATE or with your customs broker before relying on them.
| Item | Rate | Charged on | Amount |
|---|---|---|---|
| Assessable value (CIF) | ₹11,62,313 | ||
| Basic Customs Duty | 5% | ₹11,62,313 | ₹58,116 |
| AIDC | 1% | ₹11,62,313 | ₹11,623 |
| Social Welfare Surcharge | 0% | ₹69,739 | ₹0 |
| IGST | 3% | ₹12,32,052 | ₹36,962 |
| Total duty and IGST | 9.18% | ₹1,06,700 | |
| Landed cost | ₹12,69,013 |
Value converted at ₹95.9598 per USD. Excludes anti-dumping, safeguard and countervailing duties, port and handling charges and the customs broker's fee. An estimate, not an assessment.
Rates compiled 2026-09-26.
How the Gold Import Duty Calculator India works
AV = (FOB + F + I) × R; BCD = AV × b; AIDC = AV × a; SWS = (BCD + AIDC) × s; IGST = (AV + BCD + AIDC + SWS) × gThis page uses the same method as the India Import Duty Calculator, which explains each term and assumption in full.
Worked example
A shipment of gold bars and coins from United Arab Emirates invoiced at $50,000 FOB (HS 7108 12 00), with freight and insurance not separately known.
- 1At ₹95.96 to the dollar the FOB value is ₹47,97,990; adding 20% freight and 1.125% insurance gives an assessable value of ₹58,11,565
- 2BCD at 5% is ₹2,90,578, and AIDC at 1% adds ₹58,116
- 3No Social Welfare Surcharge applies
- 4IGST at 3% on ₹61,60,259 is ₹1,84,808
Duty and IGST come to ₹5,33,502, 9.2% of the assessable value, for a landed cost of ₹63,45,067. A GST-registered importer claims the IGST back, leaving ₹61,60,259.
Frequently asked questions
What is the HS code for gold bars and coins?
Usually 7108 12 00: "Gold in other unwrought forms". The last digits can change with material, power or use, and the duty can change with them, so check the full heading against your product before filing.
How much is the duty on gold now?
Budget 2024 cut the duty on gold from 15% to 6%: 5% BCD and 1% AIDC, with no Social Welfare Surcharge. IGST of 3% is added on top, for a total of about 9.2% of the assessable value.
Can a business import gold bars directly?
Only nominated agencies, banks and qualified jewellers trading on the India International Bullion Exchange may import gold bars commercially. Travellers carrying gold follow the baggage rules, which have their own limits and rates.
Sources
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