31 March 2017 by Tax and Exchange Control Alert

Customs and Excise highlights

Herewith below selected highlights in the Customs and Excise environment since our last instalment:

1.1  Schedule 1 Part 1:

1.1.1  The substitution of tariff headings 1701.12, 1701.13, 1701.14, 1701.91, and 1701.99 to increase the rate of customs duty on sugar from free of duty to 63.63c/kg;

1.1.2  The substitution of tariff heading 2933.69.30 to reduce the rate of customs duty on Atrazine from 10% to free of duty;

1.1.3  The General Notes to implement the revised Tariff Rate Quotas by the substitution of Table 1 in paragraph 3.1 to Note IJ of the General Notes in terms of the Economic Partnership Agreement (EPA) which came into effect on 10 October 2016;

1.1.4  The substitution of various tariff subheadings under heading 72.17 and 73.18 to review the rate of customs duty on steel wire products and steel fasteners upwards;

1.1.5  The substitution of tariff headings 1001.91 and 1001.99 as well as 1101.00.10 and 1101.00.90 to reduce the rate of customs duty on wheat and wheaten flour from 159.14c/kg to 119.02c/kg and 238.71c/kg to 178.53c/kg respectively;

1.2  Schedule 1 Part 5A:

1.2.1  An increase of 30c/l in the rate of the general fuel levy from 285c/l to 315c/l and 270c/l to 300c/l on petrol and diesel respectively to give effect to the Budget proposals;

1.3  Schedule 1 Part 5B:

1.3.1  An increase of 9c/l in the Road Accident Fund (RAF) levy from 154c/l to 163c/l on both petrol and diesel to give effect to the Budget proposals;

1.4  Schedule 3:

1.4.1  The insertion of rebate item 317.06/00.00/06.00 to provide for duty free imports of components for heavy motor vehicles;

1.5  Schedule 5:

1.5.1  The insertion of refund item 536.00/00.00/04.00 to provide for duty free imports of components for heavy motor vehicles;

1.6  Schedule 6:

1.6.1  As a consequence to the increase in the fuel levy as announced by the Minister of Finance in his budget speech, the diesel refund provisions are adjusted accordingly.

2. Please advise if additional information is required.

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