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Gold import into India

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  • Gold import into India

    Hello,
    I bought a small piece of Certified Gold bar - 5 gm and am carrying it to India. I noticed that the new customs declaration form has a question that asks to declare if you are carrying "Gold bullion". I wonder if it is worth all the trouble to declare a 5 gm certified gold bar when passing through customs?
    The Gold bar that I intend to bring in has more sentimental value more than anything else.

    Note - The "Gold bullion" is listed as a separate line from gold jewellery above duty free limit.
    Your experiences and advise is most appreciated.

    Thanks,
    Abzt
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