Precious Metals Act, 2005 (Act No. 37 of 2005)RegulationsPrecious Metals Regulations21. Permit to import |
| (1) | An application for a permit to import contemplated in section 10(2) of the Act must be completed in the form of Form PMI contained in Annexure C, and must contain — |
| (a) | in the case of a natural person, the name, surname and identity number of the applicant; or |
| (b) | in the case of a company or close corporation, the name and registration number of the company or close corporation; and |
| (c) | if known to the applicant at the time of lodging the application, the quantity, fineness, form and value of the precious metal to be imported; |
| (d) | if known to the applicant at the time of lodging the application, the period during which such precious metal may be imported; |
| (e) | if known to the applicant at the time of lodging the application, the port(s) through which such precious metal may be imported; |
| (f) | if known to the applicant at the time of lodging the application, the country or countries from which such precious metal may be imported; |
| (g) | if know to the applicant at the time of lodging the application, the purpose of the imports; |
| (h) | particulars of any criminal record in respect of any offence for which the holder has been convicted in terms of the Act or any other law. |
| (2) | The following documents must be lodged together with an application contemplated in subregulation (1): |
| (a) | In the case of a natural person, a certified copy of the applicant's identity document; or |
| (b) | in the case of a company or close corporation, certified copies of the certificate of incorporation and the articles of association or founding statement; and |
| (c) | documentary proof of the applicant's registered business premises; and |
| (d) | an original police clearance certificate of the applicant or, in the case of a company or close corporation, of any director or member involved in the management of such company or close corporation. |
| (3) | An application for a permit to import contemplated in section 10(2) of the Act must be lodged together with the relevant non-refundable application fee contemplated in Annexure A. |
| (4) | The Regulator may, subject to subregulation (5), within 14 days of the lodgement of an application, issue a permit to import if — |
| (a) | the applicant is the holder of a refining licence, authorized dealer, producer, holder of a certificate, holder of a special permit, holder of a precious metal beneficiation licence or holder of a jeweller's permit; and |
| (b) | such precious metal has been duly entered for customs and excise purposes in accordance with the Customs and Excise Act, 1964 (Act 91 of 1964). |
| (5) | A precious metal may be refused entry into the South Africa if — |
| (a) | that precious metal is in the opinion of the Regulator of dubious origin; or |
| (b) | that precious metal has been incorrectly described or declared. |