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Tax for Gold Jewelry Import Into US

Chalanachithram.com DB » New TF Industry Related » Archive through February 09, 2019 » Tax for Gold Jewelry Import Into US « Previous Next »
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Last_avataar
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Username: Last_avataar

Post Number: 11407
Registered: 09-2012

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Posted on Friday, February 08, 2019 - 05:16 pm:       

it's a staged video for educating people.
 

Moviebuff001
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Post Number: 13711
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Posted on Friday, February 08, 2019 - 04:49 pm:       

Border Security: America's Front Line
Ee netflix series nunchi ee video ata. Likely, staged ata.

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Bullabbai
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Username: Bullabbai

Post Number: 627
Registered: 09-2013

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Posted on Friday, February 08, 2019 - 03:37 pm:       


Rediff:




Yes, on new..estimated based on original receipts..I think if the gold is purchased in US and carry relevant receipts, no need to pay taxes.
 

Moviebuff001
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Posted on Friday, February 08, 2019 - 03:05 pm:       

Looks like several things happened here.
The Indian guy and the officers are not aware of general import rules.
a) Commercial imports of diamonds, jewelry, pearls, and precious and semi-precious stones valued at $2,500 or more require a formal entry. (These are probably commercial because I have never seen anyone buy 4 of same kind)
b) There is no duty on gold coins, medals or bullion but these items must be declared to a Customs and Border Protection (CBP) Officer. Please note a FinCEN 105 form must be completed at the time of entry for monetary instrumentsover $10,000. This includes currency, ie. gold coins, valued over $10,000. (Guys should only be paying fine for 4000 assuming this limit is per household)

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Rediff
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Username: Rediff

Post Number: 1184
Registered: 12-2006

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Posted on Friday, February 08, 2019 - 02:57 pm:       


Bullabbai:

I m not sure about the limit. Recently my relative came, declared gold worth 2K and paid $30 taxes. He said customs is specifically checking for gold.




is this new gold .. I mean velletappudu teeskellindi plus new motham kalipi declare cheyaala? ikkada manam velle tappudu em pattukellamo emee receipt/stamp vundadu kadaa .. how to differentiate?
 

Rediff
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Post Number: 1183
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Posted on Friday, February 08, 2019 - 02:55 pm:       


Ramjirao:

Per person limit is $10000



kaadu anukunta.. per family or group .. customs form fill chesetappudu family ki okati chaalu ani cheppina gurthu idivaraku .. couple of months back nenu vachinappudu they didn't even give customs form in airline.. just POE immigration officer asked if we are bringing any food etc or more money .. we said no .. yes ante mari form ichevaademo telvadu ..
 

Bullabbai
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Post Number: 626
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Posted on Friday, February 08, 2019 - 02:51 pm:       

I m not sure about the limit. Recently my relative came, declared gold worth 2K and paid $30 taxes. He said customs is specifically checking for gold.
 

Moviebuff001
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Post Number: 13703
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Posted on Friday, February 08, 2019 - 02:49 pm:       



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Your words will tell others what you think. Your actions will tell others what you believe in.
 

Ramjirao
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Username: Ramjirao

Post Number: 82
Registered: 02-2019

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Posted on Friday, February 08, 2019 - 02:40 pm:       

Veelu thechina Gold value $14000 ani offficers chepperu. Per person limit is $10000. Since a couple two people can get upto 20K without declaring they are well within the limit
 

Tadi_mattayya
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Username: Tadi_mattayya

Post Number: 678
Registered: 02-2017

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Posted on Friday, February 08, 2019 - 02:14 pm:       

Already thred padithe , pls delete this.

https://www.youtube.com/watch?v=CzLq8eW8tFQ

From what i heard prev there is no tax on bullion import.. not sure what the above issue is..Is it just that they did not declare?

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