Diamond Export Levy Act, 2007 (Act No. 15 of 2007)Part IV : Producer and diamond beneficiator relief measures12. Ministerial reduction |
| (1) | During any assessment period the Minister of Finance may reduce the import credit described in section 4 and the exemptions described in sections 7, 8 and 10 by a prescribed percentage. |
| (2) | Any percentage reduction described in subsection (1) must— |
| (a) | equally and simultaneously apply to the import credit and exemptions described in that subsection; and |
| (b) | affect producers and diamond beneficiators equally and simultaneously. |