Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Customs

Automation of Customs and Excise Bonds

Publish Date: 
05 Aug 2024

On 30 July 2024, the South African Revenue Service (SARS) advised that it was enhancing its digital platforms to help traders and taxpayers meet their tax and customs obligations with ease. As part of this modernisation, SARS is automating the management of customs and excise bonds. This includes the introduction of the Guarantee Management Service (GMS) system, which will serve as a comprehensive platform for managing these bonds through eFiling to provide traders and taxpayers with bond-information records.

From 26 July 2024, the GMS system will process cases automatically by:

  • Notifying traders and taxpayers of SARS requests, surety receipt and cancellation.
  • Providing taxpayers and traders, upon request, with a list of guarantees/bonds held by SARS. (These will be displayed when a trader selects the “Manage Bonds and Guarantees” menu under the eAccount menu on eFiling.)

For this phase of the implementation, only SARS’ clients with access to an eAccount on eFiling can view their list of bonds held with SARS. These steps are accessible at:

https://www.sars.gov.za/wp-content/uploads/Docs/CandE/Letter-to-traders-Automation-of-Bonds.pdf

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

SA Customs Buzz

Sars and forfeiture – what to look out for

Sponsored
Customs
13 Jun 2025

Investigation into dumping of 3mm, 4mm, 5mm and 6 mm Clear Float Glass: Comment due

Customs
10 Jun 2025
0 Comments

WTO Upgrades e-learning Platform to Enhance User Experience and Learning Outcomes

Customs
10 Jun 2025
0 Comments

World Environment Day 2025 – #BeatPlasticPollution

Customs
10 Jun 2025
0 Comments

New Pneumatic Tyres Anti-dumping Correction

Customs
10 Jun 2025
0 Comments

South Africa and China Commit to Strengthening Trade Facilitation

Customs
10 Jun 2025
0 Comments

South Africa and Lesotho to Enhance Trade and Investment Amidst Shifts in Global Trade

Customs
10 Jun 2025
0 Comments

Nicaragua the 101st WTO Member to Formally Accept the Agreement on Fisheries Subsidies

Customs
10 Jun 2025
0 Comments

Refresher Workshop for Master Trainers on Customs Valuation in Southern Africa

Customs
10 Jun 2025
0 Comments

Customs Weekly List of Unentered Goods

Customs
09 Jun 2025
0 Comments

The New Pneumatic Tyres of Rubber Anti-Dumping Duty: Correction Notice

Customs
09 Jun 2025
0 Comments

General Fuel Levy Increase

Customs
09 Jun 2025
0 Comments
  • More

Tariff Book (S1 P1)

Browse by Tariff Headings
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us