http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.89Change: 0.03
R/$ = 12.69Change: 0.00
Au 1085.44 $/ozChange: -6.01
Pt 961.50 $/ozChange: -4.50
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 16, 2011

Sars creates Web page for HS2012 amendments

Back
Aluminium|Export|Industrial|Road|Stainless Steel|System|Systems|Product|Products|Service|Steel|Systems
Aluminium|Export|Industrial|Road|Stainless Steel|System|Systems|Products|Service|Steel|Systems
aluminium|export|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
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Trade@Work News
It should not be a question of whether the Southern African Customs Union (Sacu) has reached its sell-by date, but rather of the extent to which it has passed this date. Sacu is the oldest operational customs union in the world. Though it celebrated its centenary in...
On July 10, the International Trade Administration Commission (Itac) published its final determination to not exclude tinted glass mirrors, classifiable under tariff subheading 7009.91, from existing antidumping duties applicable to unframed glass mirrors originating...
To avoid any confusion or misunderstanding, the focus of this column is not on taxes on those among us who could be considered overweight, but on taxing that which is externality induced, including excess accumulation of body fat. In essence, the suggestion is to tax...
More
 
 
Latest News
The Department of Labour (DoL) will on Tuesday start hosting a series of national public hearings to review the farming and forestry sectors’ minimum wages and conditions of employment as prescribed in Sectoral Determination (SD) 13. The department explained in a...
The Independent Communications Authority of South Africa (Icasa) on Monday announced that it was “eager” to “reinitiate” the licensing process for the assignment of the high-demand spectrum. Icasa, which was responsible for the allocation of spectrum to broadcasting...
Lien Visage, a community development worker at Donkerbos, near Rietfontein, has won the Witzenberg regional of the 2015 Farmworker of the Year competition, an initiative celebrating excellence in the Western Cape’s agricultural sector. “South Africa has earned a...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
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