Failing to renew will cancel gem trading licence: MGE

The gem trading licence will be revoked unless it is renewed, according to Myanma Gems Enterprise — MGE (Nay Pyi Taw) under the Ministry of Natural Resources and Envi­ronmental Conservation.


Myanma Gems Enterprise (Nay Pyi Taw) released a notifi­cation on 14 July 2023 to extend licences for gems and jewellery trading licences, manufactur­ing licences for finished gems and carvings and rough gem­stone and finished products trading licences.


As per the notification, those holding available licences need to proceed to the renewal process three months before the expiry date. They must re­new them at least one month before the expiry.


Also, they can notify Myan­ma Gems Enterprise of wind­ing down a business with one-month notice before ceasing the operation.


Licence renewal applica­tions can be processed at My­anma Gems Enterprise (Nay Pyi Taw), Gems and Jewellery Museum in Yangon, Mandalay Station, mining departments in Mogok, Lonkhin/Phakant, Mongshu and Myitkyina areas, in line with the rules and reg­ulations. The licence will get revoked unless it is renewed. Those businesspersons holding expired licences in 2020 and 2021 are urged to reinstate them with the relevant depart­ments at the soonest.


Those who want to ter­minate the business are also notified of the aforementioned departments one month in ad­vance. They must also present a cash memo to those depart­ments at least one month be­fore the expiry date, Myanma Gems Enterprise notified. — NN/EM