Borsa Istanbul AŞ Precious Metals and Precious Stones Market Operational Directorate,
He made a statement about gold imports carried out through payment against goods.
In the statement, paragraph (a) of the 7th article and the first paragraph of the 20th article of the Decision No. 32 on the Protection of the Value of the Turkish Currency, and the first paragraph of the 24th article of the Regulation on the Operating Principles of Precious Metals Exchange Intermediary Institutions and the Establishment of Precious Metals Intermediary Institutions. and Communiqué on Decision No. 32 on the Protection of the Value of Turkish Currency Within the framework of the fifth paragraph of the 6th article of (Communiqué No: 2008-32/34), unprocessed gold can be made by the Ministry of Treasury and Finance on or after 15.02.2023 (based on the Customs Declaration registration date) until a second decision of the Ministry. It was reminded that it was deemed appropriate not to import.
The statement continued as follows:
"Imports of unwrought gold with a Customs Declaration registration date of 15.02.2023 and later cannot be made by payment against goods. Imports of unwrought gold with a Customs Declaration registration date before the specified date, provided that they are within the periods specified in the relevant legislation and the Precious Metals and Precious Stones Market Procedure. It can be delivered to the Borsa Istanbul safe deposit box in Annex-3 Borsa Istanbul Imports specified in the said Procedure. Even if it has been previously approved by the Stock Exchange within the scope of the Pre-Notification Form (Annex-3 Form), unprocessed gold imports with a Customs Declaration registration date of 15.02.2023 and later can be made through payment against goods.
It cannot be done.
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."
Source : Bloomberg