Distributors/Ignition
Coils Tariff
The International Trade
Administration Commission
of South Africa (Itac) on 21
July announced the proposed
reduction in the “general”
rate of customs duty on
distributors and ignition
coils classifiable under tariff
subheading 8511.30.30,
identifiable for use solely or
principally with motor vehicle
engines, from 15% ad valorem
to free of duty. Comment is
due by 18 August.
Draft 2017 Taxation
Laws
National Treasury and the
South African Revenue
Service (Sars) on 19 July
announced the release of
the (i) 2017 Draft Taxation
Laws Amendment Bill; (ii)
2017 Draft Explanatory
Memorandum on the
2017 Draft Taxation Laws
Amendment Bill; (iii) 2017
Draft Tax Administration
Laws Amendment Bill; and
(iv) 2017 Draft Memorandum
on the objects of 2017 Draft
Tax Administration Laws
Amendment Bill on which
comment is due by 18 August.
Special Storage
Warehouse
On 20 July Sars announced
draft Rule 19A3.01 to the
Customs and Excise Act, 1964
for the storage of fermented
ethyl alcohol in a licensed
special storage warehouse on
which comment was due by
26 July.
The amendments relate
to (i) the insertion of rebate
items 621.23, 621.25, 621.27,
621.29,621.33, 621.35
and 621.37 to provide for
the movement of alcohol
derived from the process of
extraction; (ii) the insertion
of rebate items 620.18 and
620.20 to provide for the
production of fermented
ethyl alcohol by-product and
the substitution of rebate
items 620.19 and 620.21 to
include the manufacture of
non-alcoholic beverages by
a process of extraction; and
(iii) the substitution of rebate
item 619.07 to include the
manufacture of non-alcoholic
beverages by a process of
extraction and the insertion
of rebate item 619.09 to
provide for the production
of fermented ethyl alcohol
by-product.
Anti-dumping Duty
Correction
Sars on 21 July announced the
retrospective correction, from
17 June 2016, of the rate of
anti-dumping duty on imports
from Germany from 96% ad
valorem to 93% ad valorem for
item 215.02/7312.10.90/04.08
“Ropes and cables, of iron or
steel, not electrically insulated,
of a diameter exceeding 32
mm (excluding that of wire
of stainless steel, that of wire
plated, coated or clad with
copper and that identifiable as
conveyor belt cord), (excluding
that imported from Bridon
International Limited GmbH
and Pfeifer Drako)”.
OECD Economic Survey
of South Africa
On 20 July National
Treasury announced
that the Organisation for
Economic Co-operation
and Development (OECD)
secretary-general was due to
visit South Africa to launch
its Economic Survey of South
Africa.
Negotiations on
Fisheries Subsidies
The World Trade Organisation
(WTO) members on 18 July
agreed to move to the next
phase of negotiations on
fisheries subsidies so as to
agree to a decision at the
December 2017 ministerial
conference.
Duty Calls Watch List
Comment on the draft
deferment rules to the
Customs Duty Act, 2014, Part
2 of Chapter 3, is due by 31
July, and on the draft Special
Economic Zones (SEZ)
Governance and Management
Regulations, in terms of the
SEZ Act, 2014 by 13 August.
