Acts Online
GT Shield

Diamonds Act, 1986 (Act No. 56 of 1986)

Chapter VI : Export of Diamonds

61A. Registration of unpolished diamonds for import

 

1) Any importer who desired to register any unpolished diamond for import shall at a diamond exchange and export centre furnish the registering officer with a return on the prescribed form in respect of that diamond.

 

2) In the return furnished in terms of subsection (1), the importer shall specify the value of the unpolished diamond and declare 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 importer has complied with the provisions of this section, he or she shall register the unpolished diamond in question for import.

 

[Section 61A inserted by section 19(3) of the Diamond Export Levy (Administration) Act, 2007 (Act No. 14 of 2007)]