Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

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

(as amended on 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.

6. The Ministry of Finance concludes with the organizations and processors delivery agreements of precious metals for the state needs with indication of requirements imposed to their quality according to the supply rates of precious metals established by the Government of the Republic of Belarus the current year for the state needs.

Processors sign with suppliers delivery agreements of precious metals in the form of scrap and waste with the obligation on their conversion and supply of the extracted precious metals to State fund of Belarus.

Chapter 2. Procedure of payments of the Ministry of Finance with the organizations and processors (except for the organizations rendering services in buying up and pawnshops)

7. Calculations for the precious metals delivered by the organizations or processors in State fund of Belarus are carried out on the estimated prices established by the Ministry of Finance for 1 gram of metal operating on the delivery date of precious metals in the State storage of values of the Ministry of Finance and (or) for date of transfer into the accounts in precious metals opened by the Ministry of Finance in National Bank.

8. The expenses of the organizations and processors connected with delivery of precious metals by them for placement into accounts (deposits) in precious metals and also in the State storage of values of the Ministry of Finance, are not compensated.

9. The Ministry of Finance can make with the organizations and processors calculations for the precious metals delivered in State fund of Belarus in the form of advancing (the partial redemption) on account of subsequent delivery of precious metals and final settlement.

Settlings with the organizations and processors for the precious metals delivered in State fund of Belarus are performed from accounts of territorial authorities of the State Treasury (further - body of treasury) on condition of presentation by the Ministry of Finance in body of treasury of the payment orders and documents confirming justification of payment.

10. Final settlement on the delivered precious metals is drawn up by the act of settlement which form is established by the contract between the Ministry of Finance and the organization or the processor.

11. The advance amount size to the organizations with which the Ministry of Finance signs delivery agreements of precious metals in State fund of Belarus is established on contractual basis and shall not exceed 30 percent of settlement cost of the precious metals containing in raw materials.

12. Advancing of processors (the partial redemption of precious metals) on account of subsequent delivery of precious metals in State fund of Belarus can be made by the Ministry of Finance in several stages for the purpose of:

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 40000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.