Customs

Aluminium Plates, Sheets or Strips Rebate Items – Retrospective Introduction

On 08 January the South African Revenue Service (SARS) announced the retrospective introduction, effective from 31 December 2020, of various Rebate Items 460.15 in Part 2 of Schedule No.4 to the Customs and Excise Act, in order to create a rebate provision on Aluminium plates, sheets or strips.

The reasoning is contained in the International Trade Administration Commission of South Africa (ITAC) Report No.622.

The Notice is accessible at:

https://www.sars.gov.za/AllDocs/Embargo/Tariffs/LSec-CE-TA-2021-01%20-%20Notice%20R6%20GG44058%20Sch4P2%20Aluminium%20plates%20sheets%20or%20strips%208%20January%202021.pdf

Story by: Riaan de Lange

SA Customs Buzz