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Precious Metals Act, 2005 (Act No. 37 of 2005)

Precious Metals Regulations

22. Terms and conditions of permit to import

 

 

(1) Subject to such terms and conditions as may be stipulated on a permit, a permit to import shall —
(a) entitle the holder of a refining licence, authorized dealer, producer, holder of a certificate, holder of a special permit or a holder of a precious metal beneficiation licence to import any unwrought or semi-fabricated precious metal as set out in the permit into South Africa; and
(b) entitle the holder of a jeweller's permit to import semi-fabricated precious metal into South Africa.

 

(2) A holder of a permit to import must on a quarterly basis declare to the Regulator and submit documentary proof of each import transaction, indicating —
(a) the date of import of the unwrought or semi-fabricated precious metal imported;
(b) the type of the unwrought or semi-fabricated precious metal imported;
(c) the quantity of the unwrought or semi-fabricated precious metal imported;
(d) the total value of the unwrought or semi-fabricated precious metal imported; and
(e) the origin of the unwrought or semi-fabricated precious metal imported.

 

(3) A permit to import shall be valid for a period of one calendar year.