http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.48Change: 0.08
R/$ = 11.46Change: 0.05
Au 1228.13 $/ozChange: -10.36
Pt 1231.50 $/ozChange: -11.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 16, 2011

Sars creates Web page for HS2012 amendments

Back
European Free Trade|Industrial|Road|Stainless Steel|System|Systems|China|Aluminium Products|Product|Products|Service|Steel|Systems
Industrial|Road|Stainless Steel|System|Systems||Products|Service|Steel|Systems
european-free-trade|industrial|road|stainless-steel-company|system|systems-company|china|aluminium-products|product|products|service|steel|systems
© Reuse this



On December 2, the South African Revenue Service (Sars) announced the creation of a dedicated section on its website for Harmonised System 2012 amendments.

All one needs to do to access the website is to enter ‘http://www.sars.gov.za/home.asp?pid=73587’ into one’s browser and one will be able to download information on the phasing down of customs duties in terms of the free trade agreement with the European Union (EU), the phasing down of customs duties in terms of the free trade agreement with the European Free Trade Area (EFTA), the phasing down of customs of duties in terms of the Motor Industry Development Programme, the reduction in the rate of duty on paper and paperboard, the reduction in the rate of duty on aluminium products classifiable under tariff headings 76.06 and 76.07 and the reduction in the general rate of duty on organic surface-active agents and primary plastic polymers and technical amendments, as well as requests for the creation of additional tariff subheadings for statistical purposes from industry and government agencies.

Display Panels Amendment
In the Government Gazette of December 2, Sars informed of the amendment of tariff subheading 8529.90.75, which relates to display panels. The rate of customs duty for ‘general’ is 20% ad valorem, for the EU 2.6% ad valorem and for the EFTA 10% ad valorem, while that for the Southern African Development Community (SADC) region is free. The amendment is effective from December 2.

Display Panels – Tariff Amendment
In the Government Gazette of December 2, Sars informed of the amendment of tariff subheading 8529.90.75, which relates to display panels. The rate of customs duty for ‘general’ is 20% ad valorem, for the EU 0%, for the EFTA 7.6% ad valorem and for the SADC region 0%. The amendment is effective from January 1, 2012.

Display Panels Rebate Provision Amendment
In the Government Gazette dated December 2, Sars informed of the deletion of rebate item 316.23/8529. 90/01.06, relating to liquid crystal display panels, and of the insertion of rebate items 316.23/00.00/01.00; 316.23/8529.90/02.06 and 316.23/8529.90/03.06 with respect to certain monitors. The amendment is effective from December 2, 2012.

Renewal of 2012 Licences Due
In an earlier column, I reminded readers of a Sars letter titled ‘Reminder to renew licences for 2012’. In terms of Section 60(1) and the rules thereto, as well as Schedule 8, of the Customs and Excise Act, clearing agent and road haulier licences are valid for a year and must be renewed annually by December 31.

Dumping: Fully Threaded Screws with Hexagon Heads
A notice appeared in respect of the initia- tion of an investigation into the alleged dumping of fully threaded screws with hexagon heads, excluding those of stainless steel, originating in or imported from the People’s Republic of China.

The application was lodged by the South African Fastener Manu- facturers Asso- ciation (SAFMA), an industrial organisation for the major producers of the subject product in the Southern African Customs Union (Sacu) region. The SAFMA constitutes 80% of the Sacu production value.

The allegation of dumping is based on the comparison between the normal value in China and the export price from China. The normal value was constructed based on the cost of production plus general selling and administration expenses and profit in China. The export price was based on six-month import statistics from Sars.
Comment is due by December 27.

Proposed Increase in Duty: Stainless Steel Sinks
A notice appeared in respect of the pro- posed increase in the rate of customs duty on stainless-steel sinks from 20% ad valorem to 30% ad valorem.

The application was lodged by Franke Kitchen Systems, which reasoned that the stainless-steel sinks industry is currently distressed as a result of lowly priced stainless-steel sinks imported from China and other countries. An increase in the rate of customs duty from 20% ad valorem to 30% ad valorem will protect the local market and enable them to be more competitive.
Comment due by December 16.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Trade@Work News
January 26 is International Customs Day, which celebrates the inaugural session of the Customs Cooperation Council (CCC) – the present-day World Customs Organization (WCO) – which took place on January 26, 1953. The WCO will use the day to dedicate 2015 to the...
I wanted to start this article with a reference to Eskom, but I simply do not have the energy. Electricity is considered a form of energy resulting from the existence of charged particles, either statically as an accumulation of charge or dynamically as a current....
The danger when using any term is that it might well mean different things to different people. The term 'trade facilitation' is no different. While it has been around for quite some time, it burst onto the international trade stage during the Ninth Ministerial...
More
 
 
Latest News
JSE-listed Hudaco Industries’ share price climbed nearly 16% on Friday afternoon as the company announced that it would bring an end to a years-long tax challenges with the South African Revenue Service (Sars). In a trading statement to shareholders, Hudaco revealed...
President Jacob Zuma
South Africa was open for more investment and the country offered investment opportunities that no “wise” businessperson should miss, President Jacob Zuma told captains of commerce and industry during the yearly Business Interaction Group meeting on the sidelines of...
The Department of Trade and Industry (DTI) has rejected claims by black economic-empowerment (BEE) advisory firm EconoBEE that there is likely to be a delay to the scheduled May 1 implementation of the revised BEE Codes of Good Practise. “We are on track for the May...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
BRUCE BRADFORD The 3D printers have a clear upgrade path to eventually print in wood, ceramics and metal-alloys
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks