On 21 February 2024, the Finance Department advised as part of its ‘Additional Tax Policy and Administrative Adjustments’ in the National Budget 2024 that certain exporters face legitimate challenges in complying with the timeframe for submitting export Bills of Entry (BoE).
It is proposed that the Customs and Excise Act, 1964 be amended to enable the South African Revenue Service (SARS) Commissioner to provide, by rule, for a process by which exporters can be allowed to submit export BoEs at a different time than what is currently provided for in the Act, 1964.