Save Big: Buying 1 Kg Gold in Dubai Can Net You Rs. 2.5 Lakhs Profit

• Dubai offers lower gold prices due to reduced taxes and premiums compared to India's record-high rates.
• Legally importing 1 kg of gold from Dubai to India, after paying 10% customs duty, can save approximately Rs. 2,52,300.
• Eligible travelers (Indian passport holders, lived abroad for 6+ months) can import up to 1 kg gold at a concessional duty rate.
• Tax-free allowances apply only to gold jewelry (40g for women, 20g for men) and not to gold bars or coins.
• VAT refund in Dubai (up to 85% of 5% VAT paid) can further increase savings; proper declaration and documentation are crucial to avoid penalties.

Why It Matters: Buying 1 kg of gold in Dubai and legally importing it to India can save over Rs. 2.5 lakhs.