New clause for duty-free gold evokes mixed response from NRIs

[email protected] (CD Network)
March 2, 2013
Mangalore, Mar 2: Even though the Government of India has revised the clauses for duty-free gold that can be carried by passengers to India in the 2013 budget, Indian expatriates in Gulf countries including UAE and Saudi Arabia voiced mixed responses to the new rule.

Finance Minister P Chidambaram on Thursday had announced amendment to a 1967 customs rule that had fixed the value of gold that can be carried by male and female passengers at Rs10,000 and Rs20,000 respectively. He raised the value of gold exempt from taxes to Rs50,000 and Rs100,000 for men and women respectively. As per the new rules, Indian expatriates can now carry five times more gold without paying any tax when they visit their home country.

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While some heaved a sigh of relief and welcomed the government's move, a large number of Indians were upset that the government did not fix the limit as per the weight of the gold, but its value, considering the ever-changing and generally skyrocketing gold rates.

K.V. Shamsudheen, the chairman of Sharjah-based Pravasi Bandhu Welfare Trust that had launched a campaign demanding a hike of the limit for carrying gold freely to India, appreciated the minister for increasing the present value to its five times. “In the budget, it is the only advantage for NRIs.”

However, he said it was not adequate for Indians, particularly women, who are known to wear a lot of gold jewellery, especially for functions. “But under the current value (of gold), the value of their wedding ring and mangalya soothra itself would be much more than the new allocation which is not adequate,” he said.

Thousands of people had signed an online petition launched by Shamsudheen who had requested the Indian prime minister and finance minister to allow 100gm gold to be carried by male passengers and 200gm of gold by female passengers without paying tax.

Dhilna Dinesh, a dance teacher from Dubai, said the new rule was likely to create problems for women like her.

“If customs officials will start strictly imposing this rule, it will be difficult for women like me to wear gold ornaments of our choice for functions in India. This can lead to people trying to carry ornaments by hiding them somehow and it can also pave the way for opportunistic customs officials to demand bribe,” she said.

According to Sunny Chittilappilly, chairman of Dubai Gold and Jewellery Group, it was a welcome move by the government to amend the age-old law. “Something is better than nothing. But, considering the current gold rate, the women can hardly take 36gm of gold. It would have been ideal had the government not repeated the mistake of tagging the limit to the value, not the weight,” he said.

Citing the Indians' obsession with gold and the spiraling rates, he said it would be reasonable for the government to allow male and female passengers to carry 50gm and 100gm of gold without paying tax. “It is a reasonable quantity and there won't be demands for amendments in future,” he added.

Related: Duty-free import limit of jewellery via passengers raised

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News Network
September 24,2024

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Mangaluru, Sept 24: A blanket of gloom descended over Dakshina Kannada and Udupi as heavy rains battered the coastal Karnataka districts on Tuesday. Substantial rainfall has been drenching the region since Monday, intensifying as the day progressed.

In Dakshina Kannada, torrential downpours began early Tuesday, followed by overcast skies and humid conditions. 

The showers persisted intermittently through the afternoon, with areas like Beltangady experiencing moderate rainfall, while Puttur and Bellare bore the brunt of heavier storms. 

Overnight showers were reported in Bantwal, and Mangaluru city, along with its surrounding rural areas, witnessed a steady increase in rainfall, peaking by the evening.

After a brief respite, the return of intense rainfall has brought a welcome drop in temperatures. In Udupi, Karkala, Udupi city, Kundapur, and Hebri taluks all faced substantial rains throughout the day, continuing from late Sunday night.

The Indian Meteorological Department (IMD) has issued a red alert for the coastal districts, predicting more heavy rainfall in the coming hours. 

A yellow alert has been placed for Wednesday, signaling the likelihood of additional downpours. Fishermen have been cautioned to remain vigilant, as the possibility of strong winds looms over the coastal waters.

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News Network
October 3,2024

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Karnataka Health Minister Dinesh Gundu Rao reminded that V D Savarkar was not against cow slaughter as he himself was non-veg eater, PTI reported on Thursday.

"As a Brahmin he was eating meat, and he was openly propagating eating meat," said the minister at an event in Bengaluru.

Reacting to Gundu Rao's claim, BJP MP Anurag Thakur called Congress a "factory of lies" as he warned that India won't tolerate any disrespect towards Savarkar.

"By disrespecting Veer Savarkar they have shown that they don't respect freedom fighters. During the Congress government, Sardar Bhagat Singh was termed a separatist in textbooks...By making those who want to break the nation join the congress party, Rahul Gandhi is taking forward the ideology of 'tukde tukde' and he is a 'modern Jinnah' who speaks ill of the country abroad...," he said.

Meanwhile, a court in Maharashtra's Nashik district summoned Congress MP Rahul Gandhi earlier this week in a defamation case filed against him for his alleged objectionable remarks against the Hindutva ideologue.

The complainant, who is the director of an NGO, claimed he watched a press conference addressed by Gandhi in Hingoli and also a speech made by the Congress leader in November 2022.

He alleged that Gandhi, on the two occasions, by his words and visual representations knowingly harmed the reputation of Veer Savarkar and also tried to defame the latter's image in the society.

According to the complainant, Gandhi said "Savarkar is BJP and RSS jin" which was defamatory in nature.

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News Network
October 4,2024

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Mysuru: Chairman of JD(S) core committee and Chamundeshwari constituency MLA G T Devegowda on Thursday expressed his solidarity with Chief Minister Siddaramaiah saying the latter need not resign, while lambasting leaders of his own party and alliance partner BJP, including Union Minister H D Kumaraswamy.

In his speech during Mysuru Dasara inauguration he said that if persons against whom FIR is registered have to resign, many leaders from all the three parties, including Opposition Leader R Ashoka, will have to resign.

“All are sitting in glass houses... Since I know Siddaramaiah well, I am talking about him. At a time when mines and real estate are ruling politics, Siddaramaiah has survived in politics. He has never done any favour,” Devegowda said.

He added, “Allegations against Siddaramaiah are unexpected and accidental. If the Governor and Chief Justice order an investigation, it does not mean that he should resign."

He continued, asking, "Have they told Siddaramaiah to resign or have they asked to imprison him? When a person becomes a Central minister, he or she should realise their dignity and responsibility. Instead of recognising the good work done by Siddaramaiah, they ask him to resign. Will Kumarswamy (facing an FIR) resign? Should Siddaramaiah, who has become CM with a support of 135 MLAs, resign?"

"Opposition leaders are not remembering the good work of earlier CMs Kengal Hanumanthaiah, Veerendra Patil, Ramakrishna Hegde, H D Deve Gowda or S M Krishna. Karnataka is a model state. It is a bad trend to topple an elected government which is doing good work,” he further said.

Devegowda added, “Siddaramaiah is Goddess Chamundeshwari’s ‘Varaputra’ and hence has her blessings during tough times. He won the election in Chamundeshwari Assembly constituency, when the BJP-JD(S) government was in power in 2006. With the blessings of the Goddess, he has held varied positions right from becoming an MLA for the first time in 1983. He presented 15 budgets and has become CM for a second time. He took H C Mahadevappa, a Dalit leader to the state level. Siddaramaiah has the support of Deputy CM D K Shivakumar as ‘Jodeththu’. Blessings of the beneficiaries of guarantee schemes are with him (Siddaramaiah).” 

Siddaramaiah said, “Devegowda was a MUDA member. He knows the truth. Hence, he is saying this. His words have filled strength in me. ‘Satyameva Jayate’, Truth will always triumph.” 

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