http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.23Change: -0.10
R/$ = 10.59Change: -0.08
Au 1306.75 $/ozChange: 4.23
Pt 1487.50 $/ozChange: -1.00
 
 
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 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|Paper|Road|Stainless Steel|System|Systems|China|Aluminium Products|Product|Products|Steel|Systems
Industrial|Paper|Road|Stainless Steel|System|Systems||Products|Steel|Systems
european-free-trade|industrial|paper-company|road|stainless-steel-company|system|systems-company|china|aluminium-products|product|products|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
 
 
 
 
 
 
 
 
Other Callie Lombard News
On July 11, the World Trade Organisation (WCO) council announced that, at its 123rd and 124th sessions, in June 2014 it had adopted recommended amendments to the Harmonised System (HS) nomenclature which will enter into force on January 1, 2017 (HS 2017). The...
The International Chamber of Commerce (ICC) released its Global Survey 2014: Rethinking Trade and Finance on July. This is its largest and most comprehensive survey to date, including data from 298 banks across 127 countries. The survey concludes that the growth rate...
On June 26, the International Chamber of Commerce (ICC) Banking Commission was announced the winner of the Trade and Forfaiting Review’s (TFR’s) 2014 Excellence Award for Best Nonbank Trade Services Provider for the second consecutive year. The award follows the...
More
 
 
Latest News
Gwede Mantashe
Updated 1 hour 47 minutes ago Society needs to debate solutions to strikes that last too long, ANC secretary general Gwede Mantashe said on Tuesday. "Such a debate must not be seen as an attack on workers' rights and an affront on the right to strike but rather an important step towards...
Public Enterprises Minister Lynne Brown
Updated 1 hour 54 minutes ago Public Enterprises Minister Lynne Brown told the Joint Parliamentary Committee on Energy and Public Enterprises on Tuesday that the new Eskom CEO would be appointed within weeks. She said she was “treating the appointment of a permanent CEO with urgency”.
Updated 3 hours ago The first stage of the definitive mining feasibility study (DMFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project (RCPP) would be completed by the end of November, the company reported on Tuesday. Kibo...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
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