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RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of March 31, 2004 No. 59

About approval of the instruction about procedure of payments for supply of precious metals to the state fund of precious metals and gemstones of the Republic of Belarus

(The last edition from 11-06-2012)

Based on subitem 4.52 of Item 4 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction about procedure of payments for supply of precious metals to the State fund of precious metals and gemstones of the Republic of Belarus.

2. This resolution becomes effective since May 1, 2004.

 

Minister N.P.Korbut

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of March 31, 2004 No. 59

The instruction about procedure of payments for supply of precious metals to the State fund of precious metals and gemstones of the Republic of Belarus

Chapter 1. General provisions

1. This Instruction establishes procedure of payments of the Ministry of Finance of the Republic of Belarus (further - the Ministry of Finance) with the organizations and pawnshops for supply of precious metals to the State fund of precious metals and gemstones of the Republic of Belarus (further - State fund of Belarus), for services in the organization of buying up of precious metals at physical persons for republican state needs and procedure of payments of processors with suppliers of precious metals in the form of scrap and waste for the state needs.

2. For the purposes of this Instruction the following main terms and their determinations are used:

precious metals - gold, silver, platinum and metals of platinum group (palladium, iridium, rhodium, ruthenium, osmium) in the form of ingots, granules, hire, powder and other products, including the precious metals in products and scrap which are bought up at physical persons;

estimated price - the price of the precious metals (except precious metals in case of banking operations) received in State fund of Belarus;

the skupochny price - the price of the precious metals in products and scrap which are bought up by the organizations at physical persons (except purchase and sale of precious metals by the banking and non-bank credit and financial organizations in the form of measuring ingots and coins at physical persons);

weight in purity - the mass of chemically net precious metal in alloy;

raw materials - the scrap and waste containing precious metals;

services in buying up - services in the organization of buying up of precious metals at physical persons for republican state needs;

the organization - the legal entity or the individual entrepreneur performing supply of precious metals to State fund of Belarus and/or rendering services in buying up;

the processor - the legal entity having special permission (license) for the activities connected with precious metals and gemstones for collection and conversion of scrap and the waste containing them;

the supplier - the legal entity or the individual entrepreneur performing raw materials supply to the processor for the state needs.

3. Requirements of this Instruction are obligatory in case of the conclusion the Ministry of Finance of delivery agreements of precious metals in State fund of Belarus with the organizations and processors, and also in case of the conclusion of agreements processors with suppliers of raw materials for the state needs.

4. Replenishment of the state reserve fund, operational fund and fund of conversion of State fund of Belarus is made at the expense of means of the republican budget within the amounts which are annually provided on these purposes.

Forming of gold stock is made at the expense of means of National Bank of the Republic of Belarus (further - National Bank).

For the purpose of ensuring replenishment of State fund of Belarus the privilege to acquisition of precious metals at the organizations and processors is provided by the legislation to the Ministry of Finance and National Bank.

5. Assignments from the republican budget for creation and replenishment of the state inventories of precious metals and gemstones, and also are allocated for services in buying up within the means approved by the law on the budget of the Republic of Belarus for the next financial (budget) year.

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