Precious Metals Act, 2005 (Act No. 37 of 2005)10. Permit to import precious metals |
| (1) | Subject to subsection (2), no person may import any unwrought or semi-fabricated precious metal into the Republic. |
| (2) |
| (a) | The Regulator may, subject to such conditions as may be prescribed and after consultation with the National Commissioner and the National Treasury, issue to— |
| (i) | any person contemplated in section 4(1) (a), (b), (c), (d), (e) or (f) in the prescribed form a permit entitling such person to import any unwrought or semi-fabricated precious metal into the Republic; or |
| (ii) | any person contemplated in section 5(1) (a), (b), (d), (e), (f) or (g) in the prescribed form a permit entitling such person to import any semi-fabricated precious metal into the Republic. |
| (b) | The persons contemplated in paragraph (a) must declare, and submit the prescribed documentary proof of the origin of such precious metal to the Regulator in the application for the permit; |
| (c) | The import permit contemplated in paragraph (a) shall be valid for a period not exceeding one year. |
| (3) | The Regulator or any member of the South African Police Service may at any time inspect any precious metal contemplated in subsection (2) and take such sample as may be reasonable to establish or confirm the origin and content of such precious metal. |
| (4) | The permit issued in terms of subsection (2) must state the origin of the precious metal in question, the purpose of the import and such other particulars as may be prescribed. |