Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Diamond Export Levy (Administration) Act, 2007 (Act No. 14 of 2007)Part III : Election for producers and diamond beneficiators8. Election procedures |
| (1) | Notwithstanding section 2(1) of the Levy Act, any producer or diamond beneficiator may elect pursuant to section 6 of the Levy Act in respect of an assessment period that any person purchasing an unpolished diamond at a diamond exchange and export centre from that producer or diamond beneficiator during that assessment period is not subject to the levy in respect of that diamond. |
| (2) | In order for the election described in subsection (1) to apply in respect of a particular assessment period, that election must be submitted to the Commissioner in the assessment period immediately preceding the assessment period for which that election will apply. |
| (3) | The election described in subsection (1) is deemed to be immediately granted upon submission as described in subsection (2). |
