Article 29. Import of Precious Metals and Precious Stones, Products from Them into the Republic of Uzbekistan and Their Export Outside of it

The import of precious metals and precious stones into the territory of the Republic of Uzbekistan and (or) their export outside shall be carried out in the manner prescribed by legislation.

Jewelry and other products made of precious metals produced abroad and imported into the territory of the Republic of Uzbekistan for subsequent sale must be mandatory assayed and hallmarked at the Assay Chamber.

The legislation may provide for restrictions and prohibitions on the import into the territory of the Republic of Uzbekistan and on the export from its territory of jewelry and other products made of precious metals and precious stones.

Export by individuals - residents and non-residents of the Republic of Uzbekistan, crossing the customs border of the Republic of Uzbekistan, of bars and banknotes of the Central Bank of the Republic of Uzbekistan produced in the Republic of Uzbekistan and made of precious metals, can be carried out without restrictions, subject to the availability of appropriate certificates and with the obligatory filling of the passenger customs declarations in case of exceeding the norm of export of goods established by the legislation.

The following shall have the right to carry out the export of standard and measured bars, banknotes made of precious metals:

Central Bank of the Republic of Uzbekistan;

banks;

business entities that are their owners.

If violations of the requirements of the legislations when making transactions with precious metals and precious stones are detected in the process of state control, their export shall not be allowed, and information about the identified violations shall be transferred to the relevant state bodies.

Business entities shall carry out the import into the territory of the Republic of Uzbekistan of precious metals and precious stones used in production activities, in the manner prescribed by legislation.

Precious metals and precious stones coming into the ownership of a foreign investor in accordance with the terms of a production sharing agreement may be exported outside the Republic of Uzbekistan without any restrictions or sold on the domestic market on the terms and in the manner prescribed by the agreements and this Law.