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Asked by Ram Nif from China | Aug. 14, 2015 02:18
About:China Customs Declaration

Can I bring precious metal bars out of China?

I purchased 50g gold bar in Hong Kong authorised PM dealer, and I plan to buy some more in the future. At my return to Mainland, I didn't declare it at the custom. I live and work here.

What are regulations, and are there any limits at exporting precious metals out? Should I keep PM bars in my check-in luggage or should I carry them with me, when exiting by plane?

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Answers (11)
Answered by Ruby from Indonesia | Aug. 14, 2015 03:28
10Reply
Ram, passengers are only allowed to take no more than 50 grams gold or ornamements out of China. If you take more than 50g, then you should declare it at the customs. The customs judge whether you need to be taxed based on how much you take. But this doesn't mean that you can take as much as possible. If you take too much, the customs might think you smuggle gold. Then your gold will be confiscated and you will be fined heavily.
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Answered by Ram Nif from China | Aug. 14, 2015 04:19
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Thanks, Ruby! Do I need to declare PM at entry to China from Hong Kong, and then show the entry declaration on exit from China/continent?
I want to convert my savings to PM, in other words quantity of PM won't exceed my earned salary. However, I started to worry about Chinese restrictions on PM export.
Is there an office in China, where I could get detailed info on restrictions of PM export from China? I mean 'limit in gr/oz. with proper custom declaration'?
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Answered by Ruby | Aug. 15, 2015 02:07
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Ram, you can choose to declare at the customs when you get back from HK. The related rule is written in Chinese and can be found on the official website of the customs.

Where do you live? I can find the customs office address and phone number for you. However, I am afraid that they may not speak English.
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Answered by Ram Nif from China | Aug. 15, 2015 02:53
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Thanks, Ruby! I'm in Kaifeng, Henan. Chinese Custom law is a bit tricky, because I purchased 50g bar in HK, and returned to China without talking to anybody at entry in Luohu. As I understand regulations, I am not required to declare it, because it's 50g PM bar. How if I do same purchase several times, and always bring in 50g or less PM bar without declaration!?
Now, I'm exiting China to EU at Beijing's Airport with some 200g PM bars, and I declare it. Will custom let me take it out of China, or PM over 50g will be confiscated? I have all purchasing receipts, and I pay tax in China.
I'm guessing, best bet would be to leave PM bars in HK retailer for safekeeping after the purchase, and then fly out of China from HK Airport. As I see HK doesn't have listed any restrictions on PM export.
That restriction bothers me, because I'm not doing anything illegal by converting my Rmb savings to PM. It's my 5th year of working in China, and saved amount is maybe 10 times larger than 50g restriction. I wanted to make sure, I understand matter correctly: 'Can I take my savings in PM bullion out of China?'.
I will ask Chinese national for help on clearing the matter with Chinese Custom office. Thanks!
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Answered by Ruby | Aug. 18, 2015 05:11
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Ram, gold is a kind of precious metal. Not only China but also other countries adopt the same rule to avoid people smuggle gold. I didn't say that you were a smuggler. You know, India has stricter rule. According to what I know, those who take gold ornament or gold bard whose value is more than 10000 Rupees are required to declare.

To play it safe, I suggest you deposit your money in your card and then withdraw after you return to your homeland.
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Answered by Dee from Philippines | Aug. 30, 2015 08:28
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Ruby,

I have been looking for regulation or restriction regarding PM in HONG KONG as I am travelling there. Do I need to declare $200,000hkd worth of gold and silver? There's 3 of us travelling
Any link I can print out would be greatly appreciated. I am also converting my savings into precious metals.
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Answered by Mr.KMOSSMAN from CN | Aug. 30, 2015 16:42
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just to be clear

are you bringing PM into HK? or will be leaving HK with PM?
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Answered by Mr.KMOSSMAN from CN | Aug. 30, 2015 17:24
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Ram

you did not declare the gold as you entered [mainland] China, so you will be subject to duty.

Yes, it is your "money" but you did not follow the regulations.
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Answered by Mr.KMOSSMAN from CN | Aug. 30, 2015 17:50
20Reply
Ram,
You should be declared the gold as you entered [mainland] China. Now you are liable to pay duty as you leave China. I believe the duty is 10%.
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Answered by Ahmed from India | Mar. 01, 2018 03:19
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I want to bring gold bar 1000gram gold bar from Malaysia then I want to declare and that gold bar want to take back India . I have Malaysian declaration . Can I bring ?
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Answered by Eliana from USA | Mar. 01, 2018 20:03
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Yes, you need to show the bar to the custom. According to the policy, golden bars over 50g need to be declared.
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