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

Chapter VI : Export of Diamonds

62. [Repealed] Levying of export duty on unpolished diamonds
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1)Subject to the provisions of sections 63 and 64, the Regulator shall levy an export duty on every unpolished diamond exported from the Republic.

 

2)The export duty shall amount to 15 per cent of the fair market value of an unpolished diamond in the Republic as at the date on which that diamond is registered for export in terms of this Chapter.

 

[Section 62 repealed by section 19(5) of the Diamond Export Levy (Administration) Act, 2007 (Act No. 14 of 2007)]