Guinea [Authorised exporters: industrial and semi-industrial mining companies, approved buying-and-export comptoirs, BCRG (D/2026/216 art. 5)] → India (refine) · Jewellery manufacture, hallmarking and retail sale

Public law and official guidance, published as research. Not legal, tax or financial advice.

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Guinea (Doré bar - unstamped → Pre-refined 995 bar (e.g. 'Dubai 995')) ⟶ India (Pre-refined 995 bar (e.g. 'Dubai 995') → 999.9 kilobar)

Leg 1: Guinea

Where the goods start

Doré bar - unstamped → Pre-refined 995 bar (e.g. 'Dubai 995')

1
Conclude the sale contract or purchase order with the foreign buyer, issue the commercial invoice, domicile the export with a bank and sign the foreign-exchange repatriation commitment
Who
Purchaser in an accredited gold buying agency (comptoir d'achat et d'exportation d'or)
Issues
Purchase/sale contract; Commercial invoice; Bank domiciliation of the export; Foreign-exchange repatriation commitment
Primary law
- Décret D/2026/216/PRG/SGG du 08 juillet 2026, art. 6(4), (5), (7), (8)
2
Issue the attestation de conformité for the refined-gold export (Office Guinéen d'Expertise, OGE)
Who
BNE (national expertise bureau for gold and precious materials)
Needs
Certificate of analysis of the approved Guinean refinery (refined gold 99.5-99.99%)
Issues
Attestation de conformité issued by the Office Guinéen d'Expertise (OGE/BNE)
Primary law
[not-read] The OGE's procedure and the form of the attestation were not found.
- Décret D/2026/216/PRG/SGG du 08 juillet 2026, arts. 4, 6(3)
3
Obtain the export authorisation on production of the nine documents: certificate of origin, refinery certificate of analysis, OGE attestation de conformité, commercial invoice, sale contract or purchase order, customs declaration, proof of bank domiciliation, repatriation commitment
Who
Purchaser in an accredited gold buying agency (comptoir d'achat et d'exportation d'or)
Needs
Certificate of origin for Guinean gold (issued via the national traceability platform in the 2026 regime); Certificate of analysis of the approved Guinean refinery (refined gold 99.5-99.99%); Attestation de conformité issued by the Office Guinéen d'Expertise (OGE/BNE); Commercial invoice; Purchase/sale contract; Bank domiciliation of the export; Foreign-exchange repatriation commitment
Issues
Export authorisation for refined gold (Minister of Mines, 2026 regime)
Primary law
[conflict] gn.div-export-authority-2026 (issuer). [not-read] The export-procedure arrêté (art. 5) was not found.
- Décret D/2026/216/PRG/SGG du 08 juillet 2026, arts. 3, 5, 6
4
Give prior declaration to the BCRG and clear the refined gold through Customs (detailed declaration) in the presence of Customs, within the institutional chain of the OGE, Customs, BCRG, LNG and anti-fraud brigade
Who
Purchaser in an accredited gold buying agency (comptoir d'achat et d'exportation d'or)
Needs
Export authorisation for refined gold (Minister of Mines, 2026 regime); Commercial invoice; Foreign-exchange repatriation commitment
Issues
Prior declaration of gold export (to the BCRG under Code art. 186; on the BNE form under Décret D/2014/013 art. 6); Export customs declaration (DGD)
Primary law
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2026/216/PRG/SGG du 08 juillet 2026, Code art. 186; Décret arts. 4, 6(6)
5
Fly the refined bars from Conakry to the buyer abroad
Who
Airline carrying the gold from Conakry
Needs
Export customs declaration (DGD)
Issues
Air waybill
Unverified
Logistics assumed.

Taxes and fees

Taxe à l'exportation sur la production artisanale d'or
1% (collection suspended since 2016) Artisanal gold exported by comptoirs
Primary lawAmount not confirmed
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2014/013/PRG/SGG, Code art. 164; Décret art. 8
BCRG fee on gold exports (and reported BNE fee)
Reported variously: USD 500 per export operation (ITIE 2023 report, Tableau 24, citing a BCRG circular); 300 GNF per gram (same report, annex 12); USD 2,500 per export = BCRG USD 1,750 + BNE USD 750, with assay fees split BCRG 65% / BNE 35% (Guinee7) Every gold export; the fee covers reception, storage and secure transport to the airport (ITIE 2023)
SecondaryAmount not confirmed
- BCRG circular on the conditions for trading and exporting gold (Instruction N°037/BCRG du 04 février 2015, as cited); presidential decree (June 2020) and joint arrêté (April 2021) per Guinee7
Contribution au Développement Local (FODEL)
1% of annual turnover excluding tax for gold (0.5% only for category-1 substances, bauxite and iron) Industrial and semi-industrial gold mines
Primary lawAmount not confirmed
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2017/285/PRG/SGG, Code art. 130; Décret arts. 2-4, 6
Taxe sur la production industrielle ou semi-industrielle des métaux précieux
5% Gold, silver and PGMs from industrial and semi-industrial mines; doré at export
Primary lawAmount not confirmed
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2014/013/PRG/SGG, Code art. 161-I; Décret art. 7
Annual fees on gold comptoirs, buyers and collectors (redevance annuelle)
Comptoir GNF 25,000,000 a year; buyer (acheteur) GNF 5,000,000; collector GNF 2,500,000 Artisanal gold trade
Official guidanceAmount not confirmed
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2014/013/PRG/SGG; Loi de finances 2011 (arts. 43-48, as cited), Code art. 159-II; Décret art. 2(2)
Profit tax (impôt sur les sociétés / BIC)
30% for holders of a mining exploitation title; ordinary law for comptoirs, collectors and balanciers
Primary lawAmount not confirmed
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Code Général des Impôts, Code art. 176; CGI arts. 87 bis, 92 bis

Controls

Approved comptoirs must repatriate the proceeds of precious-metal exports through the banking circuit within the legal time limit set by BCRG Instruction 037/2015; the BCRG may restrict a comptoir's next operations if proceeds are not repatriated within 45 days, and refuses further shipments of comp…
45 days from export
Primary lawAmount not confirmed
- BCRG Règlement N°098/2022/BCRG; Règlement N°103/2022/LBC-FT/CC/BCRG, Règl. 098 art. 8; Règl. 103 arts. 3-4, 13
Guinea's AML/CFT law of 2021 obliges financial institutions and designated non-financial businesses and professions to report cash transactions and incoming/outgoing wire transfers of GNF 150,000,000 or more to the CENTIF, and all operations with FATF high-risk countries (BCRG Instruction 111/2023).…
GNF 150,000,000 (cash transactions and wire transfers reported to the CENTIF)
Primary lawAmount not confirmed
- AML/CFT law 2021; BCRG Instruction N°111/DGSIF/DSB; BCRG Règlement N°103/2022; Décret D/2026/216; Code minier, Instr. 111 art. 2; Règl. 103 arts. 3, 9-10; D/2026/216 art. 7; Code art. 15
Refined gold for export must be 99.5%-99.99% fine, certified by a refinery authorised in Guinea, presented as a numbered ingot with the refinery's certificate of analysis (arts. 2, 3, 6). No Guinean refinery is known to be on the LBMA Good Delivery List, so exported bars are not Good Delivery.
Primary law
- Décret D/2026/216/PRG/SGG du 08 juillet 2026, arts. 2, 3, 6
Import and export of gold are subject to prior declaration to the BCRG and must take place in the presence of a representative of the Direction Générale des Douanes (Code art. 186). Décret D/2014/013 art. 6 instead requires prior declaration to the BNE on a BNE form, which the BNE forwards within…
Primary law
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2014/013/PRG/SGG, Code art. 186; Décret art. 6
Gold is exported exclusively through Acheteurs organised in Bureaux d'Achat Agréés, whose opening is authorised by arrêté of the Minister on the BNE's proposal (Guinean and/or foreign persons); artisanal gold for export is bought from approved intermediaries (Code art. 60). Buying and selling ar…
Primary law
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décrets D/2014/013, D/2014/012, D/2026/216, Code arts. 59-61; D/2014/013 art. 8; D/2014/012 art. 114; D/2026/216 art. 5
Gold for export is weighed and valued jointly: industrial ingots by the LNG with the BCRG in the presence of the BNE, Customs and Sécurité Minière; artisanal lots by the LNG in the presence of the BCRG, Customs and the BNE; the Brigade Anti-Fraude des Matières Précieuses may attend; results go …
Primary law
- Décret D/2014/013/PRG/SGG; Décret D/2026/216/PRG/SGG, D/2014/013 arts. 7-8; D/2026/216 art. 4
Titles and authorisations may be withdrawn by the issuing authority on the grounds listed in Code art. 88 (inactivity beyond 6/12 months, failure to start works, unpaid taxes, missing registers, unauthorised transfer, etc.) after formal notice (1 month for permits and authorisations, 45 days for ope…
Secondary
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2014/012/PRG/SGG, Code art. 88; D/2014/012 art. 127
Every export of gold produced in Guinea must be preceded by compulsory local refining in a State-approved refinery (art. 3). Gold below 99.5% purity (ore, concentrate, doré or alloy) is 'or brut' and may not be exported; exported gold must be a numbered refined ingot of 99.5%-99.99% certified by a …
Gold below 99.5% purity (or brut)
Primary lawAmount not confirmed
- Décret D/2026/216/PRG/SGG du 08 juillet 2026, arts. 2, 3, 12-14
Every person subject to the 2026 gold decree must supply approved refineries established in Guinea in priority (Décret D/2026/216 art. 10, applying Code art. 139, which obliges companies mining raw ore to supply local processing units in priority); supply conditions are to be set by arrêté of the…
Primary law
- Décret D/2026/216/PRG/SGG; Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT, D/2026/216 arts. 10-11; Code art. 139
Holders of mining titles and their direct subcontractors must repatriate their foreign-currency receipts from mineral exports into BCRG accounts held with a first-rank foreign bank (Code art. 184); free transfer of dividends is guaranteed subject to this (art. 185). The Code sets no percentage: pres…
No share in the law; 50% (2023) and 60-70% (from March 2026) as reported
SecondaryAmount not confirmed
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT; Décret D/2026/216/PRG/SGG, Code arts. 184-185; Décret art. 6
A national gold traceability platform is to be set up by the Ministry of Mines to register producers, record declared production, follow movements of raw gold and generate certificates of origin; its procedure and rules are to be set by arrêté of the Minister (art. 8). All actors must apply respon…
Primary law
- Décret D/2026/216/PRG/SGG du 08 juillet 2026, arts. 7, 8

Leg 2: India

Where the goods arrive

Pre-refined 995 bar (e.g. 'Dubai 995') → 999.9 kilobar

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)
Who
International passenger
Issues
Baggage declaration
Primary law
- 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
7
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%
Who
Domestic gold refinery (dore importer under actual-user condition)
Needs
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
Issues
Bill of Entry for gold dore (actual-user); Duty and IGST payment on dore
Primary law
[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
8
Refine dore to 995/999.9 bars and issue outturn assay
Who
Domestic gold refinery (dore importer under actual-user condition)
Needs
Bill of Entry for gold dore (actual-user)
Issues
Refinery outturn assay; List of refined bars produced
Form
Doré bar - stamped/exporter-sealed → 999.9 kilobar
Unverified
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.
9
Sell refined bars to jewellers/dealers with GST invoice at 3%
Who
Domestic gold refinery (dore importer under actual-user condition)
Issues
GST invoice on sale of refined bars
Primary law
IGST rate (inter-State) 3% read; CGST/SGST rate notifications for intra-State sales not read.
10
Submit jewellery to a BIS-recognised Assaying and Hallmarking Centre for fineness testing, hallmark and HUID (fee Rs 45 per article, minimum Rs 200 per consignment)
Who
BIS-registered jeweller / dealer in precious metals
Needs
BIS registration certificate
Issues
Hallmark and HUID
Primary law
- Hallmarking Order 2020 cls. 1A, 2; BIS (Hallmarking) Regulations 2018 reg. 5(6)-(8) and Schedule IV (2022), Order cl. 2; Regulations reg. 5
11
Identify the customer and apply due diligence (enhanced for higher-risk clients) where the dealer is a reporting entity
Who
BIS-registered jeweller / dealer in precious metals
Issues
Client KYC/CDD record
Primary law
- PMLA ss.11A, 12AA; PMLR r.9; DGA guidelines paras 5.2.2, 5.3, PMLR r.9; DGA paras 5.2.2, 5.3.1
12
Sell hallmarked jewellery with GST invoice (3% on gold value)
Who
BIS-registered jeweller / dealer in precious metals
Needs
Hallmark and HUID
Issues
Retail GST invoice for jewellery
Primary law
IGST 3% read (inter-State); CGST/SGST intra-State notifications not read. Invoice must show net weight, purity and hallmarking charges (Hallmarking Regulations reg. 5(11)); cash receipts of Rs 2 lakh or more barred (ITA 2025 s.186).
13
Report cash transactions (Rule 3 PMLR) to FIU-IND monthly by the 15th of the following month; register on FINGate 2.0 at the first cash transaction of Rs 10 lakh or more
Who
BIS-registered jeweller / dealer in precious metals
Issues
CTR; FIUREID
Primary law
- PMLA s.12(1)(b); PMLR r.8(1); G.S.R. 799(E) of 28.12.2020, PMLA s.12(1)(b); PMLR r.8(1)
14
File a Suspicious Transaction Report (including attempted transactions) promptly, in writing by fax or electronic mail, on being satisfied that the transaction is suspicious
Who
BIS-registered jeweller / dealer in precious metals
Issues
STR
Primary law
[conflict] in.div-conflict-str-deadline: PMLR r.8(2) in the current FIU-IND consolidation says "promptly"; the ED consolidation (2013 substitution) says "not later than seven working days"; the DGA guidelines say "prompt reporting" (para 4.8) and "within seven working days of its occurrence"; the FIU-IND guidance (para 5) "within 7 days of forming such a suspicion". The model follows the Rule as now in force; the seven-working-day figure is held as an amount marked as the conflicting text. [unconfirmed] The amending notification that substituted r.8(2) is not identified (the FIU-IND consolidation carries no footnotes).
- PMLA; PMLR r.8(2), PMLR r.8(2) (FIU-IND consolidation)
  “8. Furnishing of information to the Director.-(1) The Principal Officer of a reporting entity”
- PMLA; PMLR r.8(2), PMLR r.8(2) (ED consolidation)
  “furnish the information promptly in writing or by fax or by electronic mail to the Director in respect of transactions referred to in clause (D) of sub-rule (1) of rule 3 not later than seven working days on being satisfied that the transaction is suspicious”
- PMLA; PMLR r.8(2), DGA guidelines para 4.8
  “Recommendation 20, Rule 8(2) read with Rule 3(1)(D) of the PMLR provides for prompt reporting of a suspicious transaction”
- PMLA; PMLR r.8(2), FIU-IND guidance para 5 (paragraph not in a parsed section)
- PMLA; PMLR r.8(2), PMLA s.12(1)(b)

Taxes and fees

Duty-free special allowance for jewellery (Baggage Rules 2026 r.6)
Duty-free jewellery up to 40 g (female passenger) or 20 g (other passengers) Residents or tourists of Indian origin residing abroad for more than one year, in bona fide baggage; gold or silver in any form other than ornaments is excluded from the general free allowance (Annexure-I item 5)
Primary lawAmount not confirmed
- Baggage Rules 2026, r.6; r.5 and Annexure-I item 5
India-UAE CEPA tariff rate quota for gold (22/2022-Customs TABLE III S. No. 12)
In-quota BCD 10% + AIDC 4% (14%) from 13 May 2026 (18/2026); 4% + 1% (5%) from 24 Jul 2024 (31/2024); 6.6% + 2.5% as notified in 2022 Gold of 71081100, 71081210, 71081290, 71081310, 71081390 (all goods) of UAE origin within the TRQ quantity: 200 tonnes from 1 Apr 2026 (09/2026); 180 tonnes FY 2025-26 (21/2025); 120 tonnes "other than Gold Dore Bar" in 2022
Primary lawAmount not confirmed
- Notification 22/2022-Customs TABLE III S. No. 12, conditions 1 and 2, as substituted/amended by 31/2024, 21/2025, 09/2026 and 18/2026
BCD and AIDC on other chapter 71 goods from 13 May 2026 (7107, 7109, 7110, 7111, 7112, 7118; findings; spent catalyst)
BCD 10% (45/2025 S. No. 202 as substituted and S. No. 203 findings, by 15/2026); AIDC: findings of gold or silver 5%, platinum findings 5.4% (15F), 7107 and 7109 5%, 7111 5.4%, 7118 5%, 7112 other than spent catalyst 5% (16/2026); spent catalyst or ash BCD 10% (S. No. 200A, to 31 Mar 2027), AIDC 4.35% (15E) Headings 7107, 7109, 7110, 7111, 7112, 7118
Primary lawAmount not confirmed
Customs duty on gold dore
5.35% combined (BCD 5% + AIDC 0.35%) Gold dore bars with gold content not over 95% imported by actual users for refining (45/2025 S. No. 192, conditions 3 and 22)
Primary lawAmount not confirmed
- 30/2024 (BCD); 32/2024 (AIDC); from 1 Nov 2025 45/2025 S. No. 192
Customs duty on gold dore from 13 May 2026: BCD 10% + AIDC
BCD 10% + AIDC 4.35% (11/2021 Sl. No. 15B, gold dore bar) = 14.35% Gold dore bar with gold content not over 95% (45/2025 S. No. 192), subject to conditions 3 (IGCR Rules 2022) and 22 (see in.cr-refinery-au)
Primary lawAmount not confirmed
- 45/2025-Customs S. No. 192 as amended by 15/2026; 11/2021 Sl. No. 15B (inserted by 03/2023, rate 4.35% set by 16/2026)
Customs duty on gold bars (BCD + AIDC), July 2022 - July 2024
15% (dore 14.35%) HS 7108 bars; dore
Official guidanceAmount not confirmed
Customs duty on gold bars: BCD 5% + AIDC 1% (24 Jul 2024 - 12 May 2026)
6% combined (BCD 5%, AIDC 1%, SWS exempt) Gold bars (HS 7108)
Primary lawAmount not confirmed
- Notification 30/2024-Customs (BCD, amending 50/2017; carried at 5% into 45/2025 S. No. 196 from 1 Nov 2025); 32/2024-Customs (AIDC Sl. No. 15D 1%)
Customs duty on gold bars from 13 May 2026: BCD 10% + AIDC 5% (SWS exempt)
15% combined (BCD 10%, AIDC 5%) All goods of heading 7108 other than dore (45/2025 TABLE I S. No. 196); silver 7106 likewise (S. No. 197)
Primary lawAmount not confirmed
- 45/2025-Customs S. No. 196 as amended by 15/2026 (BCD "5%" -> "10%"); 11/2021-Customs Sl. No. 15D as amended by 16/2026 (AIDC "5%"); 11/2018-Customs Sl. No. 1 (SWS exemption includes 7108)
IGST on gold (Schedule IV, 3%)
3% Heading 7108 gold (Schedule IV S. No. 5) and 7113 jewellery (S. No. 10), among other chapter 71 goods
Primary lawAmount not confirmed
- Notification 9/2025-Integrated Tax (Rate), para 1(iv) and Schedule IV, Schedule IV S. Nos. 5 and 10
IGST exemption on gold imported by listed banks and agencies
IGST nil Gold or silver imported by the banks in List 13, gold by the banks in List 14 (incl. SBER Bank from 25 Jun 2025, domestic consumption only), gold/silver/platinum by the entities in List 15 (HHEC, MSTC, Diamond India) of 45/2025
Primary law
- 45/2025-Customs TABLE I S. No. 198, column (5); Lists 13-15; 06/2026
Concessional duty on gold bars/coins brought by an eligible passenger
BCD 10% from 13 May 2026 (5% before); AIDC 4.35% (11/2021 Sl. No. 15C as substituted by 44/2025 and amended by 16/2026) Gold bars (non-tola) with engraved serial number and metric weight, gold coins of 99.5% or more, and other gold except studded ornaments, up to 1 kg per eligible passenger (Indian-origin passenger or passport holder after six months abroad), duty paid in convertible foreign currency (condition 23)
Primary lawAmount not confirmed
- 45/2025-Customs S. No. 194 and condition 23, as amended by 15/2026; 11/2021 Sl. No. 15C (44/2025, 16/2026)
BIS hallmarking fee
Rs 45 per gold article, minimum Rs 200 per consignment, payable by the jeweller to the AHC; BIS levies Rs 4.50 per article (minimum Rs 20) from the AHC; applicable taxes extra
Primary lawAmount not confirmed
- BIS (Hallmarking) Regulations 2018, Schedule IV as substituted by the Amendment Regulations 2022, Schedule IV, paras 1(a)-(b)

Controls

No person may receive Rs 200000 or more in cash (in aggregate from a person in a day, in a single transaction, or for transactions relating to one event or occasion from a person); only account payee cheque or draft, ECS through a bank account or prescribed electronic modes. Penalty equal to the sum…
Rs 200000
Primary lawAmount not confirmed
- Income-tax Act, 2025, ss.186, 451
Gold Advance Authorisations capped at 100 kg; physical inspection for first-time applicants; next AA only after 50% of prior export obligation; fortnightly CA-certified reporting.
100 kg per AA
SecondaryAmount not confirmed
Passengers carrying dutiable or prohibited goods must declare their accompanied baggage electronically in Customs Baggage Declaration CBD-I, with supporting documents, before entering the green channel; gold or silver other than ornaments is outside the free allowances.
Primary law
- Customs Baggage (Declaration and Processing) Regulations 2026; Baggage Rules 2026, reg. 3(1); r.5 and Annexure-I item 5
Trade credit (supplier's or buyer's credit incl. LC usance) for gold in any form max 90 days from shipment (C.11.2); QJs and TRQ holders may remit advances for IIBX purchases for eleven days, unused advance returned to the same AD bank within eleven days, Bill of Entry submitted to the remitting ban…
Official guidance
- RBI Master Direction - Import of Goods and Services, paras C.7, C.11.1-C.11.4
Gold of heading 7108 is "Restricted": imported only by nominated banks and nominated agencies (consignment basis), and by IFSCA-notified Qualified Jewellers and valid India-UAE CEPA TRQ holders through IIBX under specific ITC(HS) codes (71081210, 71081290); all domestic sale of gold is against upfro…
Official guidance
- ITC(HS) Schedule I policy conditions (DGFT notifications 49/2015-2020, 35/2023, 08/2025-26); RBI Master Direction C.11.1(ii); 45/2025-Customs condition 22, RBI MD para C.11.1(ii)
Gold jewellery and artefacts may be sold only by BIS-registered jewellers and must bear a hallmark to IS 1417 (cl. 2); the Order applies only to the districts in its Annexure (cl. 1A) - 385 districts in 26 States/UTs since S.O. 2117(E) of 28 Apr 2026. Exempt (cl. 2(3)): articles for export to buyer …
Primary law
- Hallmarking Order 2020 as amended (S.O. 2481(E) 2021; S.O. 1594(E) 2022; S.O. 2117(E) 2026), cls. 1A, 2
IIBX accepts only bars from LBMA Good Delivery or UAE Good Delivery refiners (spot: LBMA 995 1 kg, UAEGD 999 100 g).
Official guidance
Gold, silver and platinum jewellery (CTH 7113) moved from Free to Restricted from 1 Apr 2026, and articles, clad items and non-legal-tender coins from 2 Apr 2026; no transitional relief; exemptions for EOU/SEZ (no DTA sale), FTP export schemes and CEPA TRQ lines.
Secondary
Dealers in precious metals and stones that engage in cash transactions with a customer of Rs 10 lakh or more (single or apparently linked) are persons carrying on a designated business or profession and so reporting entities; CBIC (DGA) is their regulator. They must register with FIU-IND (FINGate 2.…
Rs 10 lakh cash
Primary lawAmount not confirmed
- PMLA s.2(1)(sa)(iv), ss.11A, 12, 12AA; PMLR rr.3, 8, 9; G.S.R. 799(E) and 800(E) of 28 Dec 2020; DGA guidelines 2023, PMLA ss.2(1)(sa)(iv), 12, 12AA; PMLR r.8
CEPA preference on gold requires UAE origin: the product-specific rule for 710812 is "Certified UAE/ India good delivery gold bars in different denomination"; goods must be transported directly (art. 3.12) and origin proved under the Customs (Administration of Rules of Origin under Trade Agreements)…
Primary law
- CEPA Annex 3B (PSR 710812), arts 3.12-3.14; Notification 22/2022-Customs proviso to para 1

Leg 3: Guinea

Back in the origin country: the proceeds of the export

15
Pay the export proceeds to the exporter's account
Who
Receiving institution abroad (refiner or buyer on the MMG-approved list)
Issues
Bank transfer record
Secondary
16
Repatriate foreign-currency export receipts into BCRG accounts held with a first-rank foreign bank (Code art. 184); the government's reported shares are 50% (enforced from 2023) and 60-70% through local banks from March 2026, with DDI-DDE filings
Who
Industrial or semi-industrial mining-title holder
Issues
DDI-DDE export intention / export declaration filings (2026 FX measures)
Secondary
[unconfirmed] The shares and the DDI-DDE requirement are from press; the obligation itself is primary law (art. 184).
- Code minier 2011 (L/2011/006/CNT) as amended by L/2013/053/CNT, art. 184, 185
17
Repatriate the export proceeds through the banking circuit within 45 days, the SWIFT message quoting the shipment file number; the BCRG releases the funds after checking the SWIFT copy, the shipment file and earlier repatriations, and the comptoir may sell the currency only to BCRG-listed compliant exchange bureaux
Who
Purchaser in an accredited gold buying agency (comptoir d'achat et d'exportation d'or)
Primary law
- BCRG Règlements N°098/2022 and N°103/2022, Règl. 098 art. 8; Règl. 103 arts. 4, 7-13

Crossings between countries

Guinea → India Researched
Papers that cross: Attestation de conformité issued by the Office Guinéen d'Expertise (OGE/BNE); Export authorisation for refined gold (Minister of Mines, 2026 regime); Prior declaration of gold export (to the BCRG under Code art. 186; on the BNE form under Décret D/2014/013 art. 6); Export customs declaration (DGD); Air waybill

Paperwork gaps

in.st-30 expects Assay certificate (fineness and fine weight); the earlier legs don't model this paper
in.st-30 expects Packing list; the earlier legs don't model this paper