Regulatory Alerts2013-04-29
Tightening control over export earnings for some products
The Trade Ministry stated that gold and its products, as well as silver and its products, are exempt from this rule. They will be listed separately in the next amendment of the program. This regulation applies to all goods listed except for the following: - Gold and its products. - Silver and its products. - Iron rods. - Carbon steel. - Diamonds that are not cut or polished. - Natural cobalt ores. - Natural copper ores. - Sugar from sugar cane or beetroot. - Cement clinkers. - Natural granite or marble in raw, processed, or slab form. However, according to the Minister of Industry and Trade, the exemptions will last for one year from the date of issuance, after which a decision will be made on whether to continue them or not. The goods exempted will also be listed separately in the next amendment of the program.