Customs

Budget 2012 Tariff Amendments

Sars announced the following tariff amendments that were revealed in the National Budget on 22 February. The implementation of the fuel and electricity National Budget proposals relate to Schedule No.1 Part 3B to the Act (Electricity Levy); Schedule No.1 Part 5A to the Act(Fuel Levy), Schedule No.1 Part 5B to the Act (Road Accident Fund Levy) and Schedule No.6 Part 3 to the Act (Refunds and Rebates of Excise Duties, Fuel Levy and Environmental levy). With the exception of the Electricity Levy that comes into effect on 01 July 2012, the other levies and refund and rebate provisions will be effective from 04 April 2012.

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