1 January 2021
The Swiss Customs Administration has submitted a request to the World Customs Organization (WCO) with the aim of creating a distinction between different types of gold in raw forms under tariff subheading 7108.12, in order to be able to distinguish between mined gold, banking gold (LBMA) and gold in other forms. This change is expected to be implemented in 2027 at the earliest.
For many years, the ASFCMP has been campaigning for greater transparency between the different types of gold, taking into account subheading 7108.12. The association has guaranteed that from 1 January 2021 this tariff will be amended in compliance with the request submitted to the WCO and will come into force for Switzerland.