Customs

On 03 July 2015 Sars announced the publication of the amendments of Rule 21A to the 1964 Act relating to special economic zones, which will only come into operation on the date that the Special Economic Zones Act, 2014 comes into effect.

The first, the substitution in Rule 21A.07(b)(ii) with "(ii) ensure that persons who enter the CCA display at all times badges, supplied and controlled by the SEZ operator, in accordance with the following categories-".

The second, the substitution in Rule 21A.10(d)(i) for item (aa) with "(aa) Copies of customs clearance documents for goods contemplated in paragraph (a) must be produced in triplicate to the SEZ operator, who after verifying that the documents specify the goods entering or leaving the CCA, must stamp and sign the reverse thereof and retain one copy.

The third, by the substitution in Rule 21A.13(b)(iii) of the following "A reference number must be allocated to, and quoted on all documents relating to goods received or manufactured in and exported or otherwise removed from a CCA according to which those goods can be readily identified in the production or other accounting records of a SEZ operator or a CCA enterprise."

The fourth, (d) by the substitution in rule 21A.13(c) of the following "Information contained in any accounting records kept in respect of the business of a SEZ operator or CCA enterprise shall be prepared in a manner consistent with generally accepted accounting principles appropriate for such business and for fulfilment of the requirements of the Act and these rules relating to the activities performed in a CCA.