Gold (Control) Regulations, 1996

L.N. 172 at. 19%

SUPPLIES AND SERVICES ACT

(CAP. 11 7)

Gold (Control) Regulations, 1996

IN exercise of the powers conferred on him by section 3 of the

Supplies and Services Act. the Minister for Economic Services has made

the following regulations

I . These regulations may be cited as the Gold (Control)

Regulations. 1996.

In these regulations. unless the context otherwise requires -

"artifiCers" means artificers of gold tri nkets duly licensed by

the Police in that behalf;

"Commissioner" means the Commissioner of Inland Revenue;

"dealers" means dealers in gold tri nkets duly licensed by the

Police in that behalf;

"gold bullion" means and includes gold in mas.~ or in the fonn

of ingots. plate, wire o r sheets. gold for the melting pot and any

kind of partly manufactured gold anicles;

H

"gold tri nkets means wholly manufactured gold anicles;

"person" includes any pannership. association or firm;

"quantity" in relation to gold bullion means the weight and

fineness of gold bullion expressed in metric units and standard of

metal.

No person shall impon gold bullion inlo Malta unless such

person is a licensed dealer or an authorised anificer.

Gold bullion shall not be re leased from the Customs unless

the reilllive entry forms shall have been stamped and initialled by the

Commissioner. Such entry fomls shall ~ made in triplicate and one

copy shall be retained by the Commissioner.

Gold bullion shall nOl be used for any purpose other than the

man ufacture locally of gold trinkets unless such other use is authorised

in wri ting by the Commissioner.

No dealer and no artificer shall dispose of gold bullion except OU""""I .o f

to another dealer or artificer unless he is authorised in writing to do so JOId oolhon.

by the Commissioner.

Every dealer shall kee p a record showing:-

(I)

(a) the quantity of gold bullion held by him on the date of

the coming into operation of these regulations;

(b) t be quantity of gold bullion imported or otherwise

acquired by him, the date of such importation or acquisition, and

the name and address of the pe rson from whom each such

importation or acquisition was made;

the quantity of gold bullion delivered to artificers for

(c)

the manufacture of gold trinkets or otherwise disposed of, the name

and address of the artificer or other person to whom the gold bullion

was delivered or, as the case may be, in favour of whom it was

disposed of, and the date of such delivery or disposal;

(d) the weight and fineness of the gold contained in the

trinkets received from artificers and the date of such receipt.

Every artificer shall keep a record showing:-

(2)

(a) the quantity of gold bullion owned by hi m on the date

of the coming intO operation of these regulations;

(b) the quantity of gold bullion imported or otherwise

acquired by him , the date of each importation or acquisition and

the name and address of the person from whom such importation

or acquisition was made;

(c) the quantity of gold bullion withdrawn by him from the

quantities thereof held as under subparagraphs (a) and (b) of this

paragraph for use in the manufacture of gold trinkets or for disposal

by him otherwise. In respect of the lallef contingency, the date of

thedisposal and the name and addressofthe person in whose favour

such disposal was made shall likewise be shown;

(d) the quantity of gold bullion held by him on the date of

the coming into force of these regulations on behalf of dealers Of

other persons for the purpose of manufacturing the same into gold

trinkets and the respective names and addresses of such dealers or

persons;

(e) the quantily of gold bullion delivered to him by dealers

or other persons for manufacture into gold trinkets, and the names

and addresses of such dealers or perso ns;

where an artificer has manufactured trinkets out of gold

(f)

bullion held by, or delivered to, him for the purposes speci fied

under subparagraphs (d) and (e) of this paragraph, the weight and

fineness of gold actually used in the man ufacture of trinkets

returned by hi m to dealers or other persons and the addresses of

such dealers and persons.

(3) The Commissioner may, in his discretion, exempt in

writing artificers or dealers from showing. in the record -

(a) the na mes and add resses o f persons from whom

acquisitions of small quantities of trinkets for the melting pot have

been made. and

(b) any quantity of gold lemel and sweeps held by them

from ti me to time.

(4) The Commissioner may subject such exemptions to such

conditions as he may deem fit to impose.

Every artifice r and every dealer shall. at ,the request of the

Commissioner. furni sh the record kepi under the provisions of regulation

7 of these regulations . or an extract thereof, or both. showing the

transactions made during any month and the quantity of gold bullion

held by him on the last day of that month.

Any person who fails to comply with any of the provisions of

these regulations shall. on conviction. be liable to a fine (multa) of not

less than Lm50 but nOt exceeding LmSOO.

The Gold (Control) Regulations, 1948 are hereby revoked .

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