Diamond Export Levy Act, 2007 (Act No. 15 of 2007)

Part II : Basic levy regime

2. Charging provision
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(1)Any person is liable for the levy whenever that person delivers (or should have delivered) a bill of entry for export in respect of any unpolished diamond.

 

(2)The levy in respect of an unpolished diamond equals the levy rate multiplied by the value of that diamond as released for export in terms of section 69 of the Diamonds Act.

 

(3)Any amount payable in terms of this Act must be paid for the benefit of the National Revenue Fund.