Draft MIDP Forms Comment On 20 January 2012 the South African Revenue Service (Sars) issued a notice, inviting all interested parties to comment on the draft DA forms to the Motor Industry Development Programme (MIDP), in terms of Rebate Item 317.04. Comments are due on 31 January 2012. The draft DA forms in question are: (i) DA199.01 – Calculation of the “Value in terms of Note 29” to Rebate Item 317.04; (ii) DA199.03 – Calculation of the Duty Free Allowance to be Utilised for this Quarter and the Excess Duty Free Allowance to be Carried Forward as an Opening Balance to the Next Quarter; (iii) DA199.06 – The Value of Import Rebate Credit Certificates Utilised this Quarter; (iv) DA199.10 – Calculation of the Value for Customs Duty Purposes of Note 27(i) to Rebate Item 317.04; (v) DA199.11 – The Value for Customs Duty Purposes of Imported Original Equipment Components entered for Home Consumption on an SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 for this Quarter; (vi) DA199.12 – The Value for Customs Duty Purposes of Complete Consignments of Imported Original Equipment Components Entered for Home Consumption on a Form SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 not Unboxed as per Specific Bills of Entry ay the end of this Quarter; (vii) DA199.13 – The Value for Customs Duty Purposes of Imported Original Equipment Components Entered for Home Consumption on a Form SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 used in the Manufacture of Original Equipment Components and Supplied to Other Registrants this Quarter; (viii) DA199.14 – The Value for Customs Duty Purposes of Imported Original Equipment Components Entered for Home Consumption on a Form SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 used in the Manufacture of Original Equipment Components Exported this Quarter; (ix) DA199.15 – The Value for Customs Duty Purposes of Imported Original Equipment Components Entered for Home Consumption on a Form SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 Returned to the Overseas Suppliers this Quarter; (x) DA199.16 – The Value for Customs Duty Purposes of Imported Original Equipment Components Entered for Home Consumption on a Form SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 Transferred to Parts and Accessories this Quarter; (xi) DA199.17 – The Value for Customs Duty Purposes of Imported Original Equipment Components Entered for Home Consumption on a Form SAD 500 (IR) or SAD 500 (XIR) under Chapter 98 of Schedule No.1 used in the Manufacture of Specified Motor Vehicles Exported this Quarter. Notes to MIDP On 15 December 2011 Sars advised of the substitution of Note 2(iii), 2(iv) and the paragraph above 27(i)(a) to Note 27(i) to Rebate Item 317.04 in Part 1 of Schedule No. 3, which is effective from 01 January 2012. Hydraulic Brake Fluids Application The proposed decrease in the rate of customs duty on hydraulic brake fluids, not containing or containing less than 70% by mass of petroleum oils or oils obtained from bituminous minerals, from 10% ad valorem to free of customs duty. The Government Gazette notice is incorrectly headed “increase ...”. It should in fact be “decrease ...”. A Correction Notice will no doubt follow. Comment is due by 10 February 2012.
