Cap.14:34
SPECIAL EcoNOMIC
ZoNES
No. 7/2016
against any fees or other expenses incurred in connection with those goods or property
or such disposal.
(2) Where any balance remains after the settling of the tees and expenses
referred to in subsection (1), that balance may be paid to any person who claims them,
if he or she does so within three months of the date of the disposal and the Authority
is satisfied that the claimant was the owner of the goods disposed of or was entitled
to them, but where there is no claimant for the proceeds of any such disposal by sale,
such proceeds shall be paid into and become part of the funds of the Authority.
(3) Nothing in subsection (1) shall be construed as authorising the sale or the
disposal of any goods for use in the customs territory except in such circumstances and
on such terms as the Minister and the Commissioner-General may from time to time
approve.
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Certain goods not to be taken into or stored in special economic zones
Notwithstanding any other provision of this Act, the following goods shall not be
taken into or stored in any special economic zone-
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(a)
firearms and armnunition, except by members of the Police Force or the
Defence Forces or by security guards employed to work in the area of
any special economic zone in the course of their duties, or by such other
persons as may be authorised by the Authority;
(b)
explosives;
(c)
petroleum, inflammable materials, hazardous cargoes and oil fuels, except
in such quantities and on such terms and conditions as may be permitted
by the Authority;
(d)
such other goods as may be prescribed.
Import and export licensing
(1) Subject to section 36, licensed investors shall not be required to obtain a
licence or permit under the Control of Goods Act [Chapter 14:05] for-
(a)
the import of any goods referred to in section 36 from a country outside
Zimbabwe; or
(b)
the export of any goods resulting from an approved activity within special
economic zone to a country outside Zimbabwe.
(2) The export of goods from a special economic zone to the customs territory
shall, save as otherwise provided by this Act, be subject to the same requirements in
regard to the obtaining of licences or permits under the Control of Goods Act [Chapter
14:05] as apply to goods imported from other countries outside Zimbabwe.
PART VI
BA1~Klc'\G AND INSURANCE SERVICES
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Banking activities
Any banking institution registered under the Banking Act [Chapter 24:01] may,
subject to that Act and with the approval of the Authority, establish a branch within a
special economic zone, and may at such branch(a)
conduct normal banking business permitted under the Banking Act
[Chapter 24:01]:
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