http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.14Change: -0.15
R/$ = 12.05Change: -0.20
Au 1200.03 $/ozChange: -6.12
Pt 1139.50 $/ozChange: -16.00
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 16, 2011

Sars creates Web page for HS2012 amendments

Back
Aluminium|Industrial|Road|Stainless Steel|System|Systems|Product|Products|Service|Steel|Systems
Aluminium|Industrial|Road|Stainless Steel|System|Systems|Products|Service|Steel|Systems
aluminium|industrial|road|stainless-steel-company|system|systems-company|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
When was the last time that you thought of buying a plastic carrier bag when visited your favourite or most convenient retailer? You know the place where the cashiers generally say just a single word – not "Hi" or "Hallo", but "Plastic?" And when last did you notice...
Still doubting that the three cornerstones of customs duty and, for that matter, excise duty are tariff classification, valuation and origin? You will recall that the instalment of this column published on November 14 to 20, 2014, dealt with the core principles of...
The South African Revenue Service (Sars) informed on March 20 that, with effect from April 1, all imported and domestically manufactured alcoholic beverages would be subject to compulsory tariff determinations, also known as tariff classifications, considered as one...
More
 
 
Latest News
Two influential US senators, central to the so-called ‘chicken war’, have announced their intention to pursue amendments to the African Growth and Opportunity Act (Agoa) to secure greater access for US poultry into the SA market. “We believe passionately in Agoa’s...
The Independent Communications Authority of South Africa (Icasa) on Friday published the findings of a discussion document on South Africa’s television and radio local content environment. Icasa last year requested industry input as it reviewed and revamped...
Buying the catering unit of cash-strapped state airline South African Airways (SAA) could work for Bidvest Group, its chief executive said on Friday. SAA is considering selling some of its units including its inflight and airport lounge catering business, Air Chefs,...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
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.
 
 
 
 
 
This Week's Magazine
Today’s organisations execute projects within increasingly complex environments – particularly in the engineering sector. The ability to successfully execute these projects is what drives the realisation of successful projects and, ultimately, the achievement of...
SMART DISTRIBUTION Providing funds to introduce smart grid technologies in the absence of a clearly defined strategy will not result in the desired outcome
South Africa’s distribution grid is a twentieth-century relic, which must be changed to serve the country’s modern electricity needs, says South African National Energy Development Institute (Sanedi) Smart Grid Programme manager Dr Minnesh Bipath. “What we are...
There is a disparity in government funding provided to integrated transport networks – bus rapid transit (BRT) networks ¬¬– and that given to conventional bus services, says Putco executive director Thys Heyns. “We have neglected and strangled conventional bus...
The Johannesburg Social Housing Company (Joshco) is building 502 rental housing units, valued at R200-million, in Dobsonville, Soweto, which are scheduled for completion in June 2016.
Automotive component manufacturer and distributor Metair is centralising its research and development (R&D) work in Turkey, in an attempt to bolster the company’s ability to produce affordable start/stop batteries. The new R&D centre is part of an expansion plan in...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96