Precious and second hand metal dealers are reminded that the export of a precious or second hand metal must be specifically declared to the Comptroller of Customs.
The Precious Metals and Second Hand Metal Act 2013-3 mandates Customs to approve and inspect all exports in these commodities. Registered dealers who wish to export such 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.
Exporters must obtain a licence and register with the police before attempting to export these commodities. An official of the Customs and Excise Department said that ???any attempt to export precious or second hand metals without being registered as a dealer will not be allowed.
???The Customs [department] will periodically and in accordance with the Customs Act, Cap 66 examines passengers??? baggage to prevent the illegal export of precious and second hand metals. The public is also reminded that the exportation of gold and money is restricted under the Exchange Control Act, Cap 71, unless authorisation is given,??? the spokesperson stated.
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.