Gold: New rules for trade from today.
The sale of gold has tighter rules from Monday. Becomes prohibited transaction cash payment up 250 euros and a sign to be required in each store with the daily price of precious metals.
The new legal regime of jewelery, which also regulates the goldsmith profession, passes to impose the requirement of video surveillance systems at the shopping outlets and selling items with precious metals used (File photo Lidador News), requiring a period of preservation of pictures 90 days.
The ASAE – Food Safety and Economic Authority shall have the power to shut down and seal the premises of economic operators not licensed or for which it appears there is no licensing application in progress.
Another of the new rules states that the transactions above 250 EUR no longer be made in cash, with payment to be made by electronic, by bank transfer or by check, stating the consignee.
The daily log also happens to be mandatory for those who buy used gold, Having described the articles (weight, antique, among others), the price paid, the means of payment, the identification of the seller and the destination of the article.
These records are now sent weekly by the stores to the Judiciary Police, You must keep records for five years, and fines for breaking the law can reach 200 thousand euros in the case of very serious offenses committed by companies and 20 thousand euros in the case of natural persons.
The new system simplifies the licensing system jewelery activity, passing the licenses have a duration of five years.
The Portuguese Association of Jewellery Industry – CELERY, an opinion on the new regime, even in the form of diploma project, He criticized the requirement to advertise the daily price of precious metals for power “introduce a conflict in trade”.
“The price of the articles is built based on the price of the raw material, but also business costs, o ‘design’, the quality, the market, o ‘packaging’ [packing], the concept of art work, single piece, piece as, profit margin, VAT”, explains the association in the opinion.
