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Be careful! New rules for those traveling home from Kuwait with gold

The News GlorybyThe News Glory
20/05/2023
Be careful!  New rules for those traveling home from Kuwait with gold

Kuwait: Kuwait authorities have asked those traveling home with gold to get their documents right first. This condition applies not only to those who carry gold bars and coins, but also to those who carry large quantities of jewellery. Residents and non-residents are not exempted. It is reported that the new proposal is part of customs procedures. The news is reported by Asianet citing Kuwaiti media.

Officials said that necessary facilities have been made in the air cargo section of the Kuwait International Airport to correct documents for those carrying gold. Travelers should reach here one day before the journey and present the receipts of the goods to the customs. Officials will check these carefully and then give permission. The paper issued after checking by the officials should be shown to the officer on arrival at the airport for travel.

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The authorities have come up with new conditions in the context of reports of large quantities of gold being transported from Kuwait to foreign countries. This rule does not apply to the carrying of ornaments worn by women for their personal use. Gold cannot be taken to another country more than allowed. Now if you want to carry it, you have to have clear documents. It is sufficient to present the official documents of the gold being transported. All that is required is documents proving that the gold was legally purchased from the country. Such people do not have much difficulty in carrying gold.

Read Latest Gulf News and Malayalam News

Expatriate Rehabilitation Loan Scheme

The State Scheduled Castes and Scheduled Tribes Development Corporation has invited applications from entrepreneurial young women belonging to Scheduled Castes/Scheduled Tribes in various districts of Kerala for sanctioning loans under the “Pravasi Rehabilitation Loan Scheme”, a self-employment loan scheme implemented in association with Norca Roots.

Applicants should be Scheduled Caste unemployed and between 18 to 55 years of age. This loan is sanctioned up to a maximum of Rs 20 lakhs to non-residents returning from working abroad for at least two years to start self-employment ventures. NORCA ROOTS will provide 15 percent back-end subsidy on the loan disbursed and 3 percent interest subsidy for the first four years to defaulting entrepreneurs. Loans are disbursed according to the annual family income of the applicants. The maximum loan amount is Rs.5 lakh for applicants with annual family income up to Rs.3.50 lakh, Rs.10 lakh for applicants with income up to Rs.10 lakh and Rs.20 lakh for applicants with income between Rs.10 to 15 lakh. For regular repayments, the interest rate of the loan is 4 to 6 percent and the repayment period is 5 years, while the NORCA subsidy is considered. The selected candidates will have to furnish the necessary official surety or property surety as per the terms of the surety corporation.

Interested applicants should contact the respective District Offices of the Corporation for application form and further information and submit the application in the prescribed format. Copy of documents to prove caste family annual income and age should also be submitted along with the application. Applicants have to submit the application and related documents online through the website of Norka Roots and submit other information as and when required from the district office. The Corporation will then consider the loan after inspection of the Norca roots.

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