Notification No.7/2018 - Gold and Jewelry Accessories

Found by Secretariat
The Ministry of Commerce, in exercising the power conferred under sub-section (b) of Section 13 of the Export Import Law, issues the following notification relating to the import licensing:
The Ministry of Commerce issued a notification allowing Myanmar nationalities to export or import gold, jewelleries, artwork and accessories made of gold in accordance with the guidelines published in conjunction with the notification. The guidelines allow the trading of these items in foreign currency via sea, air and border trade channels. Application for exporter/importer registration certificate, with endorsement of the Mining Department and the Myanmar Gems Enterprise, is required the application for export/import license. The term of the license is 30 days with the additional 10 days permitted for extension. Exporter/importers are also required to obtain approval from the Gold Market Monitoring and Evaluation Committee regarding the quantity, standard, price and value of the exported/imported items. The details on the registration and license application requirements, prohibited activities, taxation, payment and custom inspection can be found in the Notification No. 7/2018.