Legal AlertCommuniqué Amending the Communiqué Regarding the Decision No: 32 on the Protection of the Value of Turkish Currency Has Been Published in the Official Gazette.

20 March 2023

Communiqué (Communiqué No: 2023-32/67) Amending the Communiqué (Communiqué No: 2008-32/34) Regarding the Decision No: 32 on the Protection of the Value of Turkish Currency (“Amending Communiqué”) has been published in the Official Gazette dated 23.02.2023 and numbered 32113.

The second sentence of paragraph 2 of Article 6 of the Communiqué (Communiqué No: 2008-32/34) Regarding the Decision No: 32 on the Protection of the Value of Turkish Currency (“Communiqué”) which requires the submission of an adjustment report to the Customs Administrations in the import of non-standard unprocessed precious metals and states that these adjustment reports can only be issued by the General Directorate of Mint and Stamp Printing House, has been repealed by the Amending Communiqué.

In addition, paragraph 7 of the same article, which enables the import of standard unprocessed precious metals not exceeding 20 kilograms in each import transaction by Turkish residents who are not precious metals intermediary institutions within the scope of the Inward Processing Regime Decree, has been amended and the number 20 has been increased to 40.

Furthermore, the expression “precious metals” in this paragraph has been amended as “gold or standard unprocessed silver not exceeding 200 kilograms.”

Finally, an exception has been introduced to the obligation to submit to the Customs Authorities an adjustment report, which can only be issued by the General Directorate of Mint and Stamp Printing House, for the import of non-standard unprocessed precious metals. Accordingly, it has been regulated that the setting reports issued by private setting houses can be accepted within the procedures and principles to be determined by the Ministry of Treasury and Finance in non-standard precious metal import transactions up to 5 kilograms carried out within the scope of the Inward Processing Regime Decree.

The Amending Regulation has entered into force on the date of publication.

You can reach the full Turkish text of the Amending Regulation from the link below.

https://www.resmigazete.gov.tr/eskiler/2023/02/20230223-23.htm