Although diamonds in Russia and are not subject to export duties, but now individuals can not take out the stones abroad for more than $ 25,000 because of the lack of the relevant customs procedure for stones of that rank.
As reported by "Vedomosti", last Tuesday Rinat Gizatulin, vice president of ALROSA, wrote about this to the Deputy Finance Minister Alekseyu Moiseevu, pointing out that under the existing rules such diamonds should be placed "under the customs procedure for export ', which is carried out specialized customs posts, but those do not work with physical persons, in connection with which it turns out that such a stone is impossible to take out.
Opening this year's Eurasian Diamond Center in Vladivostok, ALROSA by 2018 plans to increase sales of its diamond production in the Asia-Pacific region to $ 1 billion per year, the paper said, noting that now almost half the stones sold through Diamond Exchange in Antwerp and that in the first half of 2016 in Belgium, the company's sales totaled $ 1.4 billion, with a total revenue of $ 2.9 billion.
while in Vladivostok was opened free port - the zone with the facilitated visa and customs control - and ALROSA expected there not only to Corporation ativnost buyers, but also to tourists who unexpectedly turned out that physical persons can take out of Russia only inexpensive stones - worth up to $ 25 000.
Rinat Gizatulin told "Vedomosti" that the company proposes to increase or even to cancel the upper value of the diamond barrier to export abroad. Finance Ministry representative did not comment on the letter of Vice President of ALROSA.
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Company Tirumala Tirupati Devasthanam (TTD), administering the temple Shri Venkateshvara (Sri Venkateswara) in Tirumala in Andhra Pradesh, urged the government to make some amendments to the gold monetization scheme, to be able to invest in her their significant gold reserves. Temple in Tirumala is one of the richest in India.
TTD Investment Committee believes that amendments should be made "at least for charitable and religious organizations, and must respect the interests of depositors, while maintaining the same basic position." TTD Committee proposed a high-level meeting with senior officials of the central government.
"As the current interest rate offered by banks is very small, the committee proposed to ask the bank information on the income of medium- and long-term deposits of gold, and negotiate with banks on the amount of income," - said in a statement. Short-term deposits assumed in the framework of gold monetization scheme similar to the scheme of gold deposits, which are used in the TTD.
It is expected that the meeting of representatives of companies and governments will be held in January or in the first week of February next year.
Since gold monetization scheme has not been a good response from the public, the government expects good results from the interaction with the TTD, in stocks which is about 5500 tons of gold. TTD gets 1-1,5% per annum of its gold stored in public banks. The company hopes to reach an agreement with the government to increase the interest rate on the monetization scheme. To date, the TTD gets about 80 kg of gold per year as interest income, however, because of the monetization scheme, this amount of gold may rise to 120 kg per year.
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