Polished Diamond Export Form Official The South African Diamond & Precious Metals Regulator (SADPMR) was established to administer the Diamonds Act, 1986 (as amended)
Polished Diamond Export Form Official
Polished Diamond Export Form Official
Exporting polished diamonds from South Africa involves several steps and requires compliance with legal and regulatory requirements. Here is a general procedure to export polished diamonds:
- Apply for an export permit from SARS No Licence is needed for polished diamonds from the South African Diamond and Precious Metals Regulator (SADPMR). This license is only necessary to legally export rough uncut diamonds.
- Only Un-cut diamonds need to comply with Kimberley Process Certification Scheme (KPCS): Ensure that the diamonds comply with KPCS regulations. This scheme aims to prevent the trade of conflict diamonds, also known as blood diamonds. The diamonds must be accompanied by Kimberley Process (KP) certification.
- Declare Export: Submit an export declaration to the South African Revenue Service (SARS). Include details such as the quantity, value, and intended destination of the diamonds.
- Packaging and Transport: Package the polished diamonds securely and in compliance with international standards. Choose a reputable shipping service that specializes in the transportation of valuable goods.
- Customs Clearance: Provide the necessary documentation, including export licenses, invoices, and shipping details to the customs authorities at the port of departure. Ensure compliance with customs regulations, including any specific requirements of the destination country.
- Insurance: Insure the diamonds for their full value during transportation. Consult with an insurance provider experienced in insuring high-value items like diamonds.
- Track Shipment: Monitor the shipment’s progress and stay in touch with the shipping service to ensure a smooth delivery process.
- Import Procedures: Familiarize yourself with the import procedures of the destination country. This may include fulfilling customs requirements, paying import duties and taxes, and providing any necessary documentation.
- Compliance with Destination Country Laws: Ensure compliance with any additional regulations or certifications required by the destination country.
It is crucial to consult with experienced professionals, such as customs agents, international freight forwarders, and legal advisors, for guidance and assistance throughout the export process. Import/export regulations may vary, so it is essential to stay up to date with current laws and requirements. Polished Diamond Export Form Official