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EEC Board decided to liberalize import and export of certain categories of precious metals
The Eurasian Economic Commission's Board has changed the regulation of the import/export of precious metals and commodities containing precious metals.
"The changes are aimed at liberalizing the import and export of certain categories of precious metals, simplifying the state control, optimizing the list of documents to be submitted by a participant of foreign trade activities to public authorities, as well as applying unified measures of non-tariff regulation to identical goods", noted Vahagn Ghazaryan, Director of the EEC Tariff and Non-Tariff Customs Regulation Department.
According to him, in particular, this entails the exclusion from regulation of goods with a share of precious metals not exceeding 2% of the weight. Besides, given the possibility of receiving documents in electronic form, it is allowed to submit copies of documents (export license, specification for goods) instead of originals for state control.
Furthermore, the requirements to have a document on the conditions of processing goods outside the EAEU customs territory are excluded if the purpose of applying the customs procedure for processing goods outside the customs territory is the repair of goods; a number of other amendments are introduced as well.
The Decision shall come into effect after 30 calendar days have elapsed from the date of its official publication.
