All precious and second hand metal dealers have been advised that with immediate effect the export of a precious metal or second hand metal must be specifically declared to the Comptroller of Customs.
An official of the Customs and Excise Department explained that the Precious Metals and Second Hand Metal Act 2013-3 mandates Customs to approve and inspect all exports in these commodities.
"Registered dealers wishing to export precious or second hand metals must complete a declaration to Customs whether the goods are to be exported by a cargo agent or taken in the passengers’ baggage; and must present proof of their registration at the ports of exit," he pointed out.??
The spokesperson further reminded the exporters of their obligation to obtain a licence and register with the police before attempting to export these commodities. "Any attempt to export precious or second [hand] metals without being registered as a dealer will not be allowed," the senior official stressed.
According to him, "Customs will periodically and in accordance with the Customs Act, Cap 66 examine passengers’ baggage to prevent the illegal export of precious and second [hand] metals". The spokesperson also reminded the public that the exportation of gold and money is restricted under the Exchange Control Act, Cap 71, unless authorisation is given.
Precious metal is defined as an item that contains gold, silver, platinum or any other combination thereof; while second hand metal includes used precious metal, iron, copper, lead or brass that is broken, partly manufactured or defaced.