Customs & Excise Highlights
Customs & Excise Highlights
This week’s selected highlights in the Customs & Excise environment since our last instalment.
- Amendments to Rules to the Customs & Excise Act, No 91 of 1964 (Act) (certain sections quoted from the SARS website):
Rule 47.03, dealing with “the order and periods for submissions of applications for tariff determinations in respect of the classes or kinds of alcoholic beverages” has been amended.
The period for “Alcoholic beverages for which no tariff determination was issued prior to 1 April 2015 … All other classes or kinds of alcoholic beverages not mentioned above” (wine) has been extended to “after a period of 48 months, but within a period of 60 months”.
- Amendments to Schedules to the Act (certain sections quoted from the SARS website):
Schedule 1 Part 1:
The substitution of tariff headings 1001.91 and 1001.99 as well as 1101.00.10, 1101.00.20, 1101.00.30 and 1101.00.90 to increase the rate of customs duty on wheat and wheaten flour from 67.51c/kg and 101.26c/kg to 95.80c/kg and
- The International Trade Administration Commission has issued the following notice (certain sections quoted from the notice):
Extension of the Price Preference System on the Exportation of Ferrous and Non-Ferrous Waste and Scrap
On 10 May 2013 the Minister of Economic Development issued a trade Policy Directive to the International Trade Administration Commission of South Africa, for ITAC to exercise its powers to regulate the exportation of ferrous and non-ferrous scrap metal. ITAC established a Price Preference System (PPS) pursuant to which it would not authorise the exportation of ferrous and non-ferrous scrap metal unless it had first been offered for sale for domestic beneficiation, to the domestic consuming industry, for a period and at a price discount or other formula determined by ITAC.
The Minister has extended the Policy Directive for a period of 9 months. The Amended Export Control Guidelines on the Exportation of Ferrous and Non-ferrous Waste and Scrap are herewith extended and will remain in force, in accordance with the Minister’s Policy Directive, until 31 March 2020.
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