Paragraph (a) of Article 7 and the first paragraph of Article 20 of the Decision No. 32 on the Protection of the Value of the Turkish Currency, the first paragraph of the Article 24 of the Regulation on the Principles of Activity of Precious Metals Exchange Intermediary Institutions and the Establishment of Precious Metals Intermediary Institutions and the Protection of the Value of the Turkish Currency. Communiqué on Decision No. 32 on Protection (Communiqué Within the framework of the fifth paragraph of the 6th article of No: 2008-32/34), the Ministry of Treasury and Finance will not import unprocessed gold with the form of payment against goods until a second decision of the Ministry on or after 15.02.2023 (taking the Customs Declaration registration date as the basis). It was found suitable.
In this context, imports of unprocessed gold with a Customs Declaration registration date of 15.02.2023 and later will not be able to be made by payment against goods. Unprocessed gold imports with a Customs Declaration registration date before the specified date can be delivered to the Exchange safe deposit box, provided that it is within the periods specified in the relevant legislation and the Precious Metals and Precious Stones Market Procedure. Even if the Borsa Istanbul has previously been approved within the scope of the Annex-3 Borsa Istanbul Pre-Import Notification Form (Annex-3 Form) specified in the said Procedure, unprocessed gold imports with a Customs Declaration registration date on or after 15.02.2023 will not be able to be made by payment against goods.
On the other hand, members who declared that they will be importing with payment against goods within the scope of Annex-3 Form before this Announcement, if they want to change the payment method to cash payment and carry out the import in this way, can make changes in the relevant form by contacting the Precious Metals and Precious Stones Operations Directorate.
If unprocessed gold is brought to the Stock Exchange storage vault within the scope of an import that does not meet the above-mentioned conditions, the return to origin procedure will be applied.
In addition, as of this Announcement, new applications within the scope of Annex-3 Form whose payment method is in exchange for goods will not be accepted by our Exchange.
I request you to obtain information and take necessary action.
Source : BORSA İSTANBUL A.Ş.
Precious Metals and Precious Stones Market Directorate