Customs and Excise Highlights

Herewith below selected highlights in the Customs and Excise environment since our last instalment (the Customs & Excise Act, No 91 of 1964 will be referred to herein as ‘the Act’):

25 Aug 2017 2 min read Tax and Exchange Control Alert Article

1. Amendment of Schedule 2 to the Act:

1.1 Insertion of items 260.03/72.08/01.04, 260.03/7211.14/01.06, 260.03/7211.19/01.06, 260.03/7225.30/01.06, 260.03/7225.40/01.06, 260.03/7225.99/01.06, 260.03/7226.91/01.06 and 260.03/7266.99/01.06 for remedial action in the form of a safeguard duty against the importation of certain flat hot-rolled steel products;

1.2 Substitution of items 260.03/72.08/01.04, 260.03/7211.14/01.06, 260.03/7211.19/01.06, 260.03/7225.30/01.06, 260.03/7225.40/01.06, 260.03/7225.99/01.06, 260.03/7226.91/01.06 and 260.03/7266.99/01.06 to reduce the rate of safeguard duty against the importation of certain flat hot-rolled steel products from 12% to 10%;

1.3 Substitution of items 260.03/72.08/01.04, 260.03/7211.14/01.06, 260.03/7211.19/01.06, 260.03/7225.30/01.06, 260.03/7225.40/01.06, 260.03/7225.99/01.06, 260.03/7226.91/01.06 and 260.03/7266.99/01.06 to reduce the rate of safeguard duty against the importation of certain flat hot-rolled steel products from 10% to 8%;

2. Draft amendments of the Rules to the Act regarding the insertion of forms DA 104 and DA 105 to the English version of the Schedule to the Rules as only Afrikaans versions exist. The draft Rule amendment inserts English versions of these forms. Comments can be submitted to C&E_LegislativeComments@sars.gov.za.

The due date for comments is 1 September 2017.

Please advise if additional information is required.

Disclaimer:
Please note that this is not intended to be a comprehensive study or list of the amendments, changes, occurrences, etc. in the Customs & Excise environment, but merely selected highlights which may be of interest. In the event that specific advice is required, kindly contact us in order to research and provide.

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