NAIROBI GOLD LAWS AND SALES- KNOW HOW TO
Several questions have always been asked about how much gold one can carry from Nairobi after several spates of arrests at airport. Kenya’s and Nairobi gold Laws do not put restrictions on failure to declare excess amounts of gold shopped from the country yet arrests have normally been reported at the airport.
In many cases, passengers hiding gold biscuits in their phone covers have been arrested, women wearing bracelets weighing 600 grams and above have always been arrested too and passengers carrying trolley bags that had gold-molded handles have been victims; raising questions about the legal boundaries of gold trade and consumption in the city.
Nairobi Gold Laws And Shopping Draw-backs
Under such circumstances, gold becomes a liability. You could be in Nairobi shopping for those jewellery to be used in a wedding at home and not sure whether you will be asked to pay KENYA gold duty for them. What are the dos and don’ts of gold carriage while travelling out of Nairobi? We will focus on issues of regulation in this article in the next paragraphs.
Nairobi Gold OfficesN
First, The Nairobi gold office has some inspection procedures that must be fully adhered to. Before you decide to fly your haul of gold out of KENYA, cargo agents and cargo companies must bring your gold cargo for inspection. All the required documentation must be available and cargo has to be opened. The necessary value checks will also be made before it is taken to the market.
Flying Bulk gold out of Nairobi
Secondly, for those exporting gold out of KENYA, cargo must be brought in by the company or its agent for verification of documents, checking compatibility of the information mentioned in photos and bills and the stamping of the IDG (Instructions for dispatch goods).
The above procedures clearly explain that there are no laws barring someone from buying huge quantities of gold from Nairobi.
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