Amendments to the Licensing act
Since August 13, 2019, the purchase from citizens of products made from precious metals and stones, the processing of scrap from them is subject to obligatory licensing.
This provision is contained in the Federal law №282-ФFZ dated 02.08.2019.
In particular, amendments to the «Federal law on licensing of certain types of activity» provide for licensing of the following activities:
- purchase from individuals of jewelry and other goods made from precious metals and precious stones, scrap of these products;
- working and processing of scrap and waste of precious metals, with the exception of scrap and waste obtained and collected by organizations and sole proprietors while their own producing, or jewelry and other goods made from precious metals of own production, unrealized and returned to manufacturers.
Organizations and sole proprietors, performing these types of activities at the time the amendments were introduced, must obtain the appropriate licenses or complete this activity no later than 1,5 years from the start date of the law.
It should be noted that the Russian Classification of Economic Activities (OKVED), approved by the Order of Rosstandart №14-st from 31.01.2014 in force as of 20.02.2019, does not contain the type of activity on the purchase from individuals of jewelry and other goods made from precious metals and precious stones, scrap of these products.
According to the Information and Analytical system Globas, currently there are about 2300 operating business entities in Russia that process waste and scrap of precious metals. Information on these legal entities and sole proprietors is available in full to subscribers of Globas.