On 16 September, the Economic Development Department called for comment - due by 03 October - on the Administrative Fees Regulations.
The administrative fees payable by an applicant for a permit issued by Import and Export Control are R900.00 respectively per import permit, and export permit.
The purpose of the regulations is to prescribe fees that are payable when applying for a permit to Import and Export Control. The fees are payable to the International Trade Administration Commission of South Africa (Itac) when applying for a permit. They are non-refundable, including where an application for a permit is rejected at any time after its submission. A fees increase will be effective on 01 April of each year.
Wheat and Wheaten Floor Tariff Reduction
Itac on 20 September announced an increase in the existing variable tariff formula on wheat and wheaten flour in Part 1 of Schedule No 1 to the Customs and Excise Act, 1964, ‘Ordinary Customs Duty’, the reasoning for which is contained in Itac Minute 06/2019.
The rates of customs duty relate to General, the European Union (EU), the European Free Trade Agreement (Efta), and Mercosur.
The reduction in the rate of customs duty on tariff subheadings 1001.91 (Seed) and 1001.99 (Other) from 95.80c/kg to 66.47c/kg and tariff subheadings 1101.00.10 (Brown wheaten meal produced by the milling of whole grains (the bran, germ and endosperm) (excluding separated wheat bran, separated wheat germ or separated wheat semolina or endosperm)), 1101.00.20 (Cake wheat flour as defined in Additional Note 1(a) to Chapter 11), 1101.00.30 (White bread wheat flour as defined in Additional Note 1(a) to Chapter 11), and 1101.00.90 (Other) from 143.69c/kg to 99.71c/kg. The rate of customs duty for the Southern African Development Community (SADC) is free of customs duty (0%).
Piped-gas and Petroleum Pipelines - Comment due
On 13 September, the National Energy Regulator of South Africa (Nersa) called for comment - due by 13 October - on the proposed levies on the piped-gas and petroleum pipelines industries for the 2020/21 financial year.
Incoterms® 2020 Launched
The International Chamber of Commerce (ICC) has launched its latest iteration of Incoterms - Incoterms® 2020 - its renowned trade terms for the sale of goods, providing certainty and clarity to business and traders everywhere.
The Incoterms® rules were first introduced by ICC in 1936 to establish commonly accepted definitions and rules related to the delivery of goods between trading partners worldwide. Since then ICC has periodically revised the Incoterms® rules to reflect changes in the international trade system.
The International Chamber of Commerce (ICC) launched its latest iteration of Incoterms - Incoterms® 2020 - of its renowned trade terms for the sale of goods, providing certainty and clarity to business and traders everywhere.
The Incoterms® rules were first introduced by ICC in 1936 to establish commonly accepted definitions and rules related to the delivery of goods between trading partners worldwide. Since then, ICC has periodically revised the Incoterms® rules to reflect changes in the international trade system. The 2020 edition launches during the organisation’s Centenary year.
More accessible and easier to use, Incoterms® 2020 includes more detailed explanatory notes with enhanced graphics to illustrate the responsibilities of importers and exporters for each Incoterms® rule. The introduction to Incoterms® 2020 also includes a more detailed explanation of how to choose the most appropriate Incoterms® rule for a given transaction, or how a sales contract interacts with ancillary contracts.
Incoterms® 2020 provides for demonstrated market need in relation to bills of lading (BL) with an on-board notation and the Free Carrier (FCA) Incoterms® rule.
It aligns different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid To (CIP).
It includes arrangements for carriage with own means of transport in FCA, Delivered at Place (DAP), Delivered at Place Unloaded (DPU), and Delivered Duty Paid (DDP). There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU.
Incoterms® 2020 includes security-related requirements within carriage obligations and costs.
In line with ICC’s commitment to make technology work for all, access to essential information of the rules will be made easier than ever via a dedicated Incoterms® 2020 mobile application, which includes a wide variety of informative features, including latest news updates, event information and training opportunities.
ICC dedicated training sessions help ensure that the Incoterms® rules are appropriately applied. The ICC Academy, ICC’s dedicated e-learning platform, is offering Incoterms® 2020 training courses, as well as the Incoterms® 2020 Certificate. The online training includes interactive case studies that allow trainees to apply their understanding of the Incoterms® rules by simulating real-life work scenarios. The course content was written by leading experts to ensure consistency with ICC’s standards of excellence.
Story by: Riaan de Lange