On 24 June 2021, the South African Revenue Service (SARS) announced proposed amendments to Rules under Sections 59A and 76 – Exporter Tax – to the Customs and Excise Act, 1964 on which comment, on the Comment Sheet, was due on 07 July 2021.
According to SARS’s Explanatory Notes the draft Notice provides for (i) the amendment to Rule 59A.03 to exclude exporters of scrap metal from making use of registration code 70707070; the amendment to the heading of Rule 76 to include the refund of duty for certain exported goods; and the amendment to Rule 76.04 which has the effect that a voucher of correction cannot be used as an application for a refund of export duty.
Rule 59A.03 to the Act, 1964 is amended by the substitution subparagraph (iii) of paragraph (a) for item (aa) of the following item:
(aa) A person, including a traveller, who imports goods or exports goods other than goods referred to in Part 6 of Schedule No.1, of which the total value required to be declared is less than R150,000 during any calendar year, whether such goods are imported or exported in one or more consignments.
Amendment of heading of rules under Section 76 to the Act, 1964:
RULES FOR SECTION 76 OF THE ACT
General refunds in respect of imported goods, [or] excisable goods and certain exported goods.
Amendment of Rule 76.04 to the Act, 1964 by the substitution for paragraph (a):
(a) Notwithstanding Rule 76.01, for the purposes of a refund application contemplated in section 76(4), in respect of imported goods and excisable goods, a voucher of correction as provided for in section 40(3)(a)(i)(bb)(A) reflecting a refund amount submitted manually or electronically with a refund indicator shown thereon shall be regarded as an application for refund of that amount.
The draft amendment is accessible at:
Story by: Riaan de Lange