Mali [Large-mine title holder] → United Arab Emirates (refine) → India (refine) → South Africa (refine) · Sale of refined gold and receipt of proceeds

Mine and process ore at the mine (crushing, leaching, electrowinning) and pour doré bars

من

Large-mine operating company (grande mine)

يتطلب

Permis d'exploitation de grande mine

الشكل

Ore (in situ / run-of-mine) → Doré bar - unstamped

The title is primary law. The process route is standard industry practice and was not sourced for Mali.

• Code minier 2023, art. 83

Weigh, sample and assay each doré bar in Mali; the Code requires analyses to be done in Mali unless written authorisation is given

من

Large-mine operating company (grande mine)

يُصدر

Mine-site weighing, sampling and assay of doré (in Mali)

الشكل

Doré bar - unstamped → Doré bar - stamped/exporter-sealed

Art. 24 is written for sample analyses generally; applying it to doré is an interpretation.

• Code minier 2023, art. 24

Refine in a state-owned refining unit in Mali, or in another unit in Mali under written authorisation (legal obligation). Where no such unit operates, doré is in practice exported to foreign refiners

من

Large-mine operating company (grande mine)

الشكل

Doré bar - stamped/exporter-sealed → 999.9 kilobar

The obligation is primary law. [unconfirmed] whether the Sénou refinery (press: 200 t/yr project) operated at the as-of date; in 2025 most declared exports went to South Africa (press), which suggests refining abroad. See ml.div-refining-abroad.

• Code minier 2023; Décret 2024-0396, Code art. 25; Décret art. 143

Hold an export intention (DNCC, timbre paid) and, where required, the prior authorisation to export gold (Règlement art. 20). Annex X exempts mining companies holding an exploitation and export licence from the authorisation request

من

Large-mine operating company (grande mine)

يتطلب

Mine-site weighing, sampling and assay of doré (in Mali); Intention d'exportation (DNCC)

يُصدر

Autorisation préalable d'exportation d'or (Minister of Finance)

[inferred] whether a Malian large-mine permit counts as an 'exploitation and export licence' under Annex X is not stated; Code art. 124 f guarantees large-mine holders free export of transformed substances. Décret 02-536 art. 19 does not apply to industrial gold (art. 1 limits it to artisanal production).

• Règlement 06/2024/CM/UEMOA; Arrêté 09-0788 (2009), Règlement art. 20 and Annex X; Arrêté art. 2, 15-17

Domicile the sale with an authorised intermediary bank (contract with the refiner, engagement de change)

من

Large-mine operating company (grande mine)

يتطلب

Autorisation préalable d'exportation d'or (Minister of Finance)

يُصدر

Sale contract with the foreign buyer/refiner; Commercial invoice; Engagement de change (export exchange commitment, UEMOA Annex IX-1); Attestation d'exportation (UEMOA Annex IX-2)

• Règlement 06/2024/CM/UEMOA; Instruction 03/07/2025/RFE, Règlement art. 10; Annex II art. 17, 19; Instruction art. 3, 5

Lodge the export customs declaration; the doré is inspected, sealed and released

من

Large-mine operating company (grande mine)

يتطلب

Autorisation préalable d'exportation d'or (Minister of Finance); Mine-site weighing, sampling and assay of doré (in Mali); Engagement de change (export exchange commitment, UEMOA Annex IX-1); Commercial invoice; Attestation d'exportation (UEMOA Annex IX-2)

يُصدر

Export customs declaration (Mali Customs); Certificate of origin for gold exported from Mali; Packing list

[not-read] no gold-specific customs procedure was found.

• Code des douanes 2022; Instruction 03/07/2025/RFE, Code art. 117, 128-129, 133; Instruction art. 6

Carry the doré by secure air freight to the foreign refiner

من

Air carrier / secure logistics provider

يتطلب

Export customs declaration (Mali Customs)

يُصدر

Air waybill

The destination mix is from 2025 export statistics. The logistics are assumed.

Pay the taxe ad valorem on valued production (gold rate by London PM price band: 3% up to USD 1,000 an ounce rising to 7.5% above USD 2,000 up to 2,500, then +0.5 point per USD 400), the ISCP (5% of turnover excluding taxes on gold ingots, 3% for companies with a renegotiation memorandum) and the quarterly mining-fund contributions (0.75%, 1% rising to 2.5% after five years plus 10% of the TAV for five years, and 0.50% of turnover)

من

Large-mine operating company (grande mine)

يُصدر

Receipt for the taxe ad valorem, ISCP and mining-fund contributions

[unconfirmed] above USD 2,500 the table reads 'chaque augmentation de USD 400 voit la taxe ad valorem augmentée de 0,5%' with the rate column 'Taux à déterminer', so the rate at current prices depends on how the steps are counted.

• Code minier 2023; Décret 2024-0396; Décret 2025-0732, Code art. 95, 98, 99, 134; Décret 2024-0396 art. 194; Décret 2025-0732 art. 2 and annex

Pre-contract KYC on the Nigerian exporter: corporate docs, UBO, MBC/export-permit evidence, mine-of-origin declaration

من

DMCC importer / trader

يتطلب

Bank-to-bank reference confirmation (not a public letter) on the Nigerian exporter

يُصدر

Importer's KYC/due-diligence pack on the Nigerian exporter; Evidence pack from the Nigerian exporter: export licence/permit, mine location, legal existence of the ASM operation

[conflict] For an ordinary DMCC trader the binding CDD duties are those of CR 134/2025 (Arts. 5-14); DMCC RBD-GPM binds only its Accredited Members (see ae.div-dmcc-role). [inferred] "Highest-scrutiny category" for ASM is the model's reading of Rule 1.6, not a phrase in the Rules.

• DMCC RBD-GPM Rules v2/2020; Cabinet Resolution 134/2025, DMCC Rules 1.4-1.8 (KYC; Rule 1.6 specific requirements for ASM supply), Rules 2.4-2.8 (red flags); CR 134 Art. 25(1) (records at least 5 years)

File the Dubai Customs declaration on Mirsal 2 with invoice, packing list, certificate of origin and air waybill (for a free-zone consignee the Customer Guide's 'FZ Transit In' type appears to apply, not import to local); disclose the precious metals crossing the border

من

DMCC importer / trader

يتطلب

Air waybill; Certificate of origin; Origin country's export authorisation for the gold (permit, licence or clearance issued by the mining or trade authority); Commercial invoice; Packing list

يُصدر

Dubai Customs declaration filed online (for goods entering a free zone: "FZ Transit In"); Disclosure of precious metals crossing the UAE border (cargo included)

No UAE import permit for gold: Dubai Customs lists DMCC as restricting authority only for "Pearls, Diamonds, Rough Diamonds etc." (Customer Guide App. I). FZ Transit In (s.15.12.2): "foreign goods originated from any country may be brought into the free zones without being subject to customs duties or taxes. The owner of the goods in the Documents shall be a Free Zone Licensee"; documents MAWB/HAWB, commercial invoice, certificate of origin, packing list, delivery order. Mainland duty: the GCC exempted list's gold line is printed "71060000" (silver's heading) [summary][blocked]. Cross-border disclosure: see ae.doc-pm-disclosure-ae. [unconfirmed] Neither Dubai Customs guide names the declaration type for gold into a DMCC company or the DMCC Vault. [conflict] Supporting documents are due within 14 days (Customer Guide s.15.7) or 30 days (Service Guide v9 App. A) - see ae.div-customs-doc-deadline. KPMG (secondary): periodic "Goods Consumption within FZ" declaration under Dubai Customs Notice 17/2020.

• Dubai Customs Customer Guide v3.03; Dubai Customs Service Guide v9; Federal Decree-Law 10/2025, Customer Guide s.15.12.2 (FZ Transit In), App. J (DMCC declarations at the Customer Service Center at DMCC); FDL 10/2025 Art. 10 (cross-border disclosure)

Import VAT: registered importer accounts for VAT on its own return (reverse charge); investment-grade gold is zero-rated, doré is not

من

DMCC importer / trader

يُصدر

Import VAT accounted on the importer's own VAT return (registered importer)

Investment precious metals = gold, silver or platinum of 99% purity or more, in a form tradeable in global bullion markets (ER Art. 36(2), not amended in the consolidation to CD 100/2025); their supply or import is zero-rated (Art. 45(8)). [inferred] Doré below 99% does not qualify. [unconfirmed] DMCC's absence from the Designated Zones was checked only against the 2017 list (secondary copy). [not-read] FDL 16/2025 amendments (from 1 Jan 2026) not held.

• Federal Decree-Law 8/2017 on VAT; Executive Regulation (Cabinet Decision 52/2017, as amended; consolidated to CD 100/2025), Law Art. 45(8), 48(1), 49; ER Art. 36(2), 48(1), 48(5), 50(1)

If the importer sells the doré to the refiner (rather than toll-refining it): refiner gives two written statements before supply; importer issues a tax invoice without VAT (reverse charge)

من

DMCC importer / trader

يُصدر

Refiner's two written statements: VAT-registered, and buying to resell or use in production; Tax invoice without VAT for the importer-to-refiner sale

[inferred] Conditional: the model reads the reverse charge as not applying where the refiner only toll-refines metal the importer keeps title to; the sources read do not address toll refining.

• Cabinet Decision 127/2024; VAT Executive Regulation, CD 127 Art. 2(1), 2(3) (two written declarations before supply; supplier keeps them and verifies registration), 2(4) (no declarations: no reverse charge); ER Art. 59(1)(l)

Refiner performs its own CDD on the supplier; third-party audit, assurance or certification reports are supporting evidence only, and the relationship must stop if CDD cannot be completed

من

Dubai refiner (UAEGD-accredited)

يتطلب

Importer's KYC/due-diligence pack on the Nigerian exporter; Evidence pack from the Nigerian exporter: export licence/permit, mine location, legal existence of the ASM operation; Air waybill

يُصدر

Refiner KYC and custody file: supplier identity/constitution/licence/UBOs, PEP approval, invoices, declared weight and assay, unique input/output references, transport documents, arrival and assay-final dates, payment details (kept 5 years); Red-flag assessment by location of origin and by supplier

• UAE MoE Due Diligence Regulations v1 (2022); Ministerial Decree 68/2024; EBC Rules for RBDG v1/2021, Regs s.1.3.1-1.3.7, 1.3.6 (cease if CDD cannot be done), 1.3.10 (records 5 years), 1.5 (own KYC; third-party audits only supporting evidence), 2.1-2.2; Decree Art. 1(A)-(B); EBC Rules 1.6-1.14

Weigh-in, seal-check, sample, fire-assay the doré

من

Dubai refiner (UAEGD-accredited)

يتطلب

Refining agreement, Dubai refiner; Refiner KYC and custody file: supplier identity/constitution/licence/UBOs, PEP approval, invoices, declared weight and assay, unique input/output references, transport documents, arrival and assay-final dates, payment details (kept 5 years); Pre-shipment notification to refiner/buyer

يُصدر

Refiner outturn/assay report

Specific weighing/sampling/fire-assay methodology not published in any UAE-specific source found

Melt, refine and cast to 995.0 or 999.9 bars, marked with serial number, the refiner's hallmark/brand stamp, fineness to four significant figures and weight (year optional, otherwise on the manufacturer's certificate)

من

Dubai refiner (UAEGD-accredited)

يتطلب

Refiner outturn/assay report

يُصدر

Manufacturer certificate accompanying UAEGD bars (states year of manufacture if not stamped); Output record: unique reference, refiner name and stamp, year for each bar

الشكل

Doré bar - stamped/exporter-sealed → Pre-refined 995 bar (e.g. 'Dubai 995')

[unconfirmed] Refining method (Miller chlorination) is not in the UAEGD Rules or RBDG Rules.

• EBC UAE Good Delivery Accreditation Rules v1/2021, s.7.1 (bar marking)

Refiner appoints an independent third-party auditor and submits the due-diligence report to the MoE (Decree 68/2024 Art. 1(B)); the Reviewer sends its reports to the MoE within 90 calendar days of the end of the review period (DD Regulations Annex I s.12.1). UAEGD (EBC) and DMCC Accredited Members also publish an annual report (EBC Rules / DMCC RBD-GPM Rule 5.1).

من

Dubai refiner (UAEGD-accredited)

يُصدر

RBD-GPM annual disclosure; MoET responsible-sourcing audit report

The EBC and DMCC reporting duties are rules of those bodies (official-guidance) and bind their Accredited Members only. [conflict] DMCC accreditation status after 2021: see ae.div-dmcc-role.

• Ministerial Decree 68/2024; MoE Due Diligence Regulations v1; EBC Rules for RBDG v1/2021; DMCC RBD-GPM v2/2020, Decree Art. 1(B); Regulations Step 5, Annex I s.12.1; EBC Rules Rule 5.1; DMCC Rules Art. 3.1, Rule 5.1

Deposit refined bars into DMCC Vault (operated by Brink's)

من

DMCC Vault (operated by Brink's)

يتطلب

Manufacturer certificate accompanying UAEGD bars (states year of manufacture if not stamped)

يُصدر

DMCC Vault deposit/withdrawal receipt; DMCC Tradeflow warrant (optional; used for pledging and title transfer)

DMCC: the Vault is "Owned by DMCC and operated by Brink's Global Services" and "DMCC can assist with all customs processes". [not-read] Deposit/withdrawal documents and any bonded status of the Vault are not published; the receipt document is inferred.

Obtain a Certificate of Origin from Dubai Chambers: a non-preferential certificate for UAE-origin goods (goods produced in the UAE by a licensed exporter; copy of the industrial licence and the factory's invoice) or a certificate for foreign goods re-exported

من

DMCC importer / trader

يتطلب

Refiner outturn/assay report

يُصدر

UAE Certificate of Origin / re-export documentation (Dubai Chambers)

Unresolved: whether refining doré into bars confers UAE origin - both can sit in HS 7108.12 and no gold-specific rule was found; CR 43/2022 Art. 4 also allows "specific manufacturing operations". India's Noida SEZ SOP treats gold bars sourced from the UAE as not UAE-originating (see ae-in). Fee AED 100, two hours (Dubai Chambers service page; the Resolution sets no amount). [summary][blocked] FL 11/2019 and CR 43/2022 read through WebFetch only (downloads Cloudflare-challenged).

• Federal Law 11/2019; Cabinet Resolution 43/2022; Dubai Chambers Resolution 7/2024, FL 11/2019 Art. 4 (minimal operations do not confer origin), Art. 6 (issue of certificates; the Chamber issues certificates for re-exported foreign commodities); CR 43/2022 Art. 4 (last major operation, incl. "a change in the customs item or ... specific manufacturing operations"); DC Res. 7/2024 Art. 2 (types), Art. 3(a) (conditions), Art. 3(b) (UAE-origin certificate only for goods produced in the UAE by an exporter licensed by the Competent Entity), Art. 4 (electronic application), Art. 6 (valid six months), Art. 7 (register kept 3 years)

File Dubai Customs export/re-export declaration; VAT zero-rated on export

من

DMCC importer / trader

يتطلب

UAE Certificate of Origin / re-export documentation (Dubai Chambers)

يُصدر

Dubai Customs export/re-export declaration

• Federal Decree-Law 8/2017 on VAT; VAT Executive Regulation; Cabinet Decision 127/2024; Dubai Customs Customer Guide v3.03, DL 8/2017 Art. 45(1) (exports zero-rated); ER Art. 30 (export within 90 days, with customs declaration and commercial evidence); CD 127/2024 Art. 2(2) (no reverse charge on zero-rated supplies); Customer Guide s.15.12.3 (FZ Transit Out; penalty 10% of value without proof of export), s.16 (proof of export by air)

Book air cargo as valuable/secure freight (specialist carrier), security clearance, sealed/inspected shipment at DXB/DWC

من

Secure logistics provider (UAE/air legs)

يتطلب

Dubai Customs export/re-export declaration

يُصدر

Air waybill, Dubai -> Zurich/Geneva

CAR VII has nothing gold-specific; booking as valuable/secure freight with a specialist carrier is practice. [inferred] Road leg to the airport in Dubai needs a SIRA Money and Valuables Transport licence.

• GCAA CAR Part VII Ed. 05; SIRA Resolution 1/2018, CAR VII 4.6.1 (security controls on cargo), 4.6.6 (operators accept cargo only with security controls confirmed), 4.6.7 (security status accompanies cargo); SIRA Res. Art. 3(a)(6)

Declare jewellery beyond the special allowance (40 g female / 20 g other passengers, residents or tourists of Indian origin abroad more than one year) and any gold other than ornaments electronically in CBD-I before the green channel, and pay duty (eligible passengers may import up to 1 kg of gold at the concessional rate of 45/2025 S. No. 194, duty in convertible foreign currency)

من

International passenger

يُصدر

Baggage declaration

• Baggage Rules 2026 r.6 and Annexure-I; Customs Baggage (Declaration and Processing) Regulations 2026 reg. 3; 45/2025 S. No. 194, condition 23, r.6; reg. 3

Import dore as actual user under 45/2025 S. No. 192 (conditions 3 and 22: direct shipment from the producing country, bars of 5 kg or more, mining-company packing list and assay certificate, refining to 99.5% or more); file Bill of Entry; pay BCD 10% from 13 May 2026 (5% before) plus AIDC, and IGST 3%

من

Domestic gold refinery (dore importer under actual-user condition)

يتطلب

Origin country's export authorisation for the gold (permit, licence or clearance issued by the mining or trade authority); Export customs declaration accepted by the dispatching country's customs; Assay certificate (fineness and fine weight); Packing list; Air waybill

يُصدر

Bill of Entry for gold dore (actual-user); Duty and IGST payment on dore

[unconfirmed] AIDC serial for dore not identified (see in.tax-dore-2026). The origin-country documents (export authorisation, export declaration) are what the exporting country issues; Indian law read here asks for the mining-company packing list and assay certificate.

• 45/2025-Customs S. No. 192, conditions 3 and 22, as amended by 15/2026; IGCR Rules 2022, TABLE I S. No. 192; condition 22

Refine dore to 995/999.9 bars and issue outturn assay

من

Domestic gold refinery (dore importer under actual-user condition)

يتطلب

Bill of Entry for gold dore (actual-user)

يُصدر

Refinery outturn assay; List of refined bars produced

الشكل

Doré bar - stamped/exporter-sealed → 999.9 kilobar

No Indian legal text prescribes the refinery process or outturn documents; industry-standard step. Condition 22(d) of 45/2025 requires refining into bars of 99.5% or more.

Sell refined bars to jewellers/dealers with GST invoice at 3%

من

Domestic gold refinery (dore importer under actual-user condition)

يُصدر

GST invoice on sale of refined bars

IGST rate (inter-State) 3% read; CGST/SGST rate notifications for intra-State sales not read.

Issue Advance Authorisation for gold (max 100 kg); first-time applicants get a physical facility inspection; further gold AAs only after 50% of the export obligation of earlier AAs is met

من

DGFT (licensing authority)

يُصدر

Advance Authorisation (gold); Facility inspection report

[transcription] PN 11/2026-27 read only as reproduced by TaxGuru (DGFT blocked). The earlier note "PN amends FTP paras 1.03 and 2.04" was not seen in any text read and was removed.

• DGFT Public Notice 11/2026-27 (notes under SIONs M-1 to M-8); FTP 2023 para 4.36, notes under SION M-1 to M-8

Import gold of fineness 0.995 or more duty-free (IGST payable) against the Advance Authorisation with actual-user condition, directly, from a nominated agency (HBP 4.84(c)), or through IIBX as a QJ notified on the AA route (only the ITC(HS) codes in the AA and only for its exports), and clear it on a Bill of Entry

من

Jewellery manufacturer-exporter (Advance Authorisation holder, SEZ/EOU unit)

يتطلب

Advance Authorisation (gold); Refiner's certificate for the bars it produced (serials, fineness, weights, year)

يُصدر

Bill of Entry for gold imported against AA

The customs exemption notification for AA imports was not read; FTP/HBP held as issued 2023.

• FTP 2023 para 4.36(a); HBP 4.84; IFSCA consolidated circular cls. 3(e), 18A-18B, FTP 4.36(a); IFSCA cl. 18B

Manufacture and export jewellery on a Shipping Bill against the export obligation

من

Jewellery manufacturer-exporter (Advance Authorisation holder, SEZ/EOU unit)

يتطلب

Bill of Entry for gold imported against AA

يُصدر

Shipping Bill for jewellery export

Shipping Bill procedure under the Customs Act not read (Act not held).

• HBP 2023 para 4.84; FTP 2023 paras 4.36-4.37, HBP 4.84(b)

File fortnightly CA-certified performance reports to the Regional Authority (which reports monthly to DGFT HQ)

من

Jewellery manufacturer-exporter (Advance Authorisation holder, SEZ/EOU unit)

يُصدر

Fortnightly AA performance report (CA-certified)

Onboard the foreign depositor: KYC pack, mined-material questionnaire, refining agreement; apply LBMA Responsible Gold Guidance / OECD due diligence

من

Refining-licence holder (refinery)

يُصدر

Refiner KYC pack on foreign depositor; KYC questionnaire for mined material; Refining agreement with depositor

Rand Refinery states KYC and conflict-free sourcing policies; its depositor requirements and the RGG text were not read in this pass.

Hold a current SADPMR permit to import unwrought precious metal (Form PMI: quantity, fineness, form, value, period, ports, countries of origin, purpose)

من

Refining-licence holder (refinery)

يتطلب

SADPMR refining licence; SAPS police clearance certificate

يُصدر

SADPMR permit to import precious metals

• Precious Metals Act; Precious Metals Regulations, s.10(1)-(2); regs 21-22

Ship dore by air to Johannesburg with the origin country's export authorisation, export declaration and assay

من

Foreign mine or exporter depositing doré

يتطلب

Origin country's export authorisation for the gold (permit, licence or clearance issued by the mining or trade authority); Export customs declaration accepted by the dispatching country's customs; Assay certificate (fineness and fine weight); Air waybill

يُصدر

Air waybill, origin to Johannesburg (OR Tambo)

[unconfirmed] PMA s.10(2)(b) requires the importer to declare and prove the origin of the metal in the permit application, and s.10(4) says the permit states the origin; which origin-country documents must accompany each shipment is not stated in any text read. The listed hand-off kinds are the model's route logic.

Enter the doré for customs with SARS on a bill of entry for import (the metal must be duly entered for customs under reg 21(4)(b)); entry may be refused if the Regulator considers it of dubious origin or incorrectly declared (reg 21(5))

من

Refining-licence holder (refinery)

يتطلب

SADPMR permit to import precious metals; Air waybill, origin to Johannesburg (OR Tambo)

يُصدر

SARS import declaration for dore

[not-read] Customs and Excise Act procedure, tariff heading 7108 and import VAT on doré not read (Act not held). Manual C(G): gold import applications are referred to SADPMR.

• Precious Metals Regulations; Customs and Excise Act 1964, reg 21(4)(b), 21(5)

  “A precious metal may be refused entry into the South Africa if - (a) that precious metal is in the opinion of the Regulator of dubious origin; or (b) that precious metal has been incorrectly described or declared.”

Carry the dore from the airport to the refinery with the reg 26 waybill; SADPMR or SAPS may inspect imported metal

من

Secure carrier of precious metal

يُصدر

Waybill, port of entry to refinery

• Precious Metals Act, s.10(3), s.13; reg 26

Submit specimens of the imported metal to the SAPS Forensic Science Laboratory

من

Refining-licence holder (refinery)

يُصدر

Specimen submission (importer)

• Precious Metals Act, s.22(1)

  “Any producer or any person who imports precious metal must submit to the Forensic Science Laboratory of the South African Police Service such specimens of any precious metals produced or imported by him or her as may be prescribed.”

Weigh, melt, sample and assay each lot on receipt; issue outturn (final assay and fine weight) to the depositor

من

Refining-licence holder (refinery)

يتطلب

Refining agreement with depositor

يُصدر

Refiner outturn / assay report

Refine at the licensed premises and cast 400 oz Good Delivery bars, kilobars (995-999.9), minted bars (10/50/100 g, 999.9) or grain

من

Refining-licence holder (refinery)

يُصدر

Refiner bar list for bars produced

الشكل

Doré bar - unstamped → LBMA Good Delivery 400oz bar

• Precious Metals Act; Precious Metals Regulations, s.7(1), 7(5); reg 28 (minted bars)

Record receipts and outputs in the PMR2 register within 24 hours

من

Refining-licence holder (refinery)

يُصدر

PMR2 refinery register entry / quarterly copy

• Precious Metals Act, s.15(1); reg 33

Publish annual responsible-gold / LBMA compliance report

من

Refining-licence holder (refinery)

يُصدر

Refiner responsible gold / LBMA compliance report

Credit fine gold to the depositor's metal account and hold the bars in the refinery vault pending sale or export

من

Refining-licence holder (refinery)

يتطلب

Refiner outturn / assay report; Refiner bar list for bars produced

يُصدر

Metal account credit / settlement confirmation

Rand Refinery lists vault and logistics services; account terms not seen.

Domestic sale: supply bars to a registered bank, the SARB or the SA Mint on a tax invoice, zero-rated only if the gold has not undergone a prior manufacturing process other than refining; otherwise 15% VAT

من

Refining-licence holder (refinery)

يُصدر

Tax invoice to bank/SARB/Mint (zero-rated s.11(1)(f) or standard-rated)

[transcription] s.11(1)(f) wording from Lueven para [1]; VAT Act not held.

• Value-Added Tax Act 1991, s.11(1)(f)

Export sale: the Authorised Dealer reports the export proceeds with the SARS customs declaration details (customs client number, unique consignment reference); FinSurv monitors receipt electronically

من

Authorised dealer in foreign exchange (commercial bank)

يتطلب

SARS customs declaration / bill of entry for export

• Currency and Exchanges Manual, B.18(D)

Receive the full export proceeds not later than six months from the date of shipment (an Authorised Dealer may allow credit of up to 12 months), in foreign currency or rand from a non-resident account; offer the proceeds for sale to an Authorised Dealer within 30 days or deal with them under the CFC account rules

من

Authorised dealer in foreign exchange (commercial bank)

يتطلب

SWIFT MT103 payment confirmation (bank-to-bank, authenticated)

يُصدر

Inbound payment of export proceeds

• Exchange Control Regulations; Currency and Exchanges Manual, Regs 6, 10, 11; B.18(B); C(F)(ii)

Pay the sale price to the Malian exporter's domiciling bank

من

Foreign buyer or refiner (counterparty abroad)

يُصدر

SWIFT MT103 payment confirmation (bank-to-bank, authenticated)

The payment channel (SWIFT message) is market practice; the obligation to collect in full and repatriate is primary law.

• Règlement 06/2024/CM/UEMOA; Instruction 03/07/2025/RFE, Règlement art. 11; Annex II art. 15; Instruction art. 7

Credit the exporter, repatriate without delay at least 80% of the proceeds through the BCEAO's correspondent accounts, annotate the transfer notice received via the BCEAO, and clear ('apurer') the domiciliation file after checking full repatriation and surrender; keep the file pour une durée de dix ans

من

Authorised intermediary bank (intermédiaire agréé)

يُصدر

Transfer notice received via the BCEAO and clearance ('apuré') of the domiciliation file

The file-retention period is written in words in the Instruction (dix ans) and is not held as an amount: the server reads number words in English only. The step's own deadline is 'sans délai'; no day count.

• Règlement UEMOA on external financial relations, annexes; BCEAO Instruction on domiciliation files, Instruction art. 6

  “Article 6 : Constitution des pièces justificatives de l'encaissement du produit des exportations de biens et de services”

• Règlement UEMOA on external financial relations, annexes; BCEAO Instruction on domiciliation files, Instruction art. 7

  “lequel est tenu de procéder, sans délai, au rapatriement effectif, via les comptes de correspondants étrangers de la BCEAO, d'au moins 80% du montant global encaissé au titre des recettes d'exportation.”

• Règlement UEMOA on external financial relations, annexes; BCEAO Instruction on domiciliation files, Instruction art. 8

  “Article 8 : Apurement du dossier de domiciliation d'exportation de biens et services”

• Règlement UEMOA on external financial relations, annexes; BCEAO Instruction on domiciliation files, Règlement annex II art. 15 (in the section parsed as art-14-dup2)

  “Les produits des exportations de biens et de services, soumises ou non à la procédure de domiciliation, sont intégralement encaissés et rapatriés par les exportateurs dans un délai fixé par la BCEAO.”

• Règlement UEMOA on external financial relations, annexes; BCEAO Instruction on domiciliation files, Règlement annex II art. 15

  “l'intermédiaire agréé est tenu de céder à la BCEAO le produit en devises des recettes d'exportation de biens et services dans un délai fixé par la Banque Centrale”