Customs

Sars on 03 July 2015 announced the insertion of Rebate Item 318.03/9028.30/01.06 (Industry: Gas, Liquid or Electricity Supply or Production Meters, Including Calibrating Meters Therefor) for the full rebate of the customs duty on certain components used for the manufacture of electricity meters.

The new Rebate Item in Schedule No.3 Part 1, ‘Industrial Rebates of Customs Duties - Goods Used in the Manufacture of Other Goods’ reads ‘Goods of any description (excluding mounted or populated circuit boards) for the manufacture of prepayment electricity supply meters, at such times, in such quantities and subject to such conditions as the International Trade Administration Commission may allow by specific permit, provided the Commission is satisfied that the circuit boards are mounted and populated in the Sacu region’.