Precious Metals Act, 2005 (Act No. 37 of 2005)RegulationsPrecious Metals Regulations22. 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. |