Holders of an Exploration Permit are eligible for the Temporary Admission regime for the importation of equipment, material, machines, raw materials and consumables indicated in the mining list relating to the Exploration Phase.
The Temporary Admission of these goods is only permitted if the said mining list has been filed, before the start of the Exploration Phase, and has been duly approved in accordance with the provisions of Article 166 of this code.
However, materials and spare parts for utility vehicles, necessary for the functioning of professional materials and equipment included in the mining list are not eligible for the exemption:
- from the Administrative Processing Fee;
- from the Registration Tax;
- from the Community Tax (PC);
- from the Additional Surcharges.
Holders of an Exploration Permit must supply to the MPCD, the DNM and to the Customs services in the first quarter of each year an inventory of goods having benefited from the Temporary Admission.
When the construction of the mine begins, and notwithstanding the continuation of any exploration, activity, the Exploration Phase is deemed terminated.
When the Exploration Phase is deemed terminated, the goods which benefited from the Temporary Admission regime exit from the Temporary Admission Regime and must:
- either be re-exported by the holder of the Exploration Permit;
- or be kept or resold in the Republic of Guinea by the holder of the Exploration Permit. In this case, the holder of an Exploration Permit is liable for all duties and taxes charged by the Customs service on the basis of an evaluation taking into account the depreciation that has occurred until the date of exit from the temporary admission regime.
Nevertheless, when the said goods are included on the mining list filed by the holder of the Mining Title for its construction phase, the latter can request from the competent Customs service that the Temporary Admission of these goods be extended to the end of its construction phase.