On 05 June, the South African Revenue Service (Sars) announced the publication of the “Excise External Policy Oil Industry”.
It covers: (a) The Oil Industry (including category 2 manufacturers of biodiesel). (b) “Fuel levy goods” - any goods specified in Part 5A of Schedule No 1 to the Customs and Excise Act, 1964, including biodiesel. (c) It does not cover: (i) Non-commercial and category 1 manufacturers of biodiesel; (ii) The completion of the DA 159 and DA 160 (Petroleum Products Accounts); (iii) Bonds; (iv) Licensing and Registration requirements; and (v) Refunds by licensed distributors.
Story by: Riaan de Lange