Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Diamonds Act, 1986 (Act No. 56 of 1986)Chapter VI : Export of Diamonds61. Registration of unpolished diamonds for export |
| 1) | Subject to sections 48A and 59, any exporter who desires to register any unpolished diamond for export shall at any diamond exchange and export centre furnish the registering officer with a return on the prescribed form in respect of that unpolished diamond. |
| 2) | In the return furnished in terms of subsection (1) the exporter shall specify the value of the unpolished diamond that was offered by such person at the diamond trading house and export centre and declare that the value so specified is to the best of his knowledge and belief the fair market value of that unpolished diamond. |
| 2A) | Notwithstanding subsection (1), any exporter that desires to register any unpolished diamond for export that pursuant to section 74 is not subject to section 48A shall at any diamond exchange and export centre furnish the registering officer with a return on the prescribed form in respect of that diamond specifying the value of that diamond and declaring that the value so specified is to the best of his or her knowledge and belief the fair market value of that diamond. |
| 3) | A return referred to in subsection (1) shall be accompanied by the unpolished diamond in question and the prescribed documents. |
| 4) | If the registering officer is satisfied that an exporter has complied with the provisions of this section and, where applicable, section 77, he shall register the unpolished diamond in question for export. |
[Section 61 amended by section 19 of the Diamond Export Levy (Administration) Act, 2007 (Act No. 14 of 2007)]
