On 27 February the South African Revenue Service (Sars) advised of the forthcoming publication of the draft schedules, which were published on 01 March, on which comment is due on 09 March.
Considering the volume of the schedules, it is anticipated that an extension for comment will be forthcoming. By way of example, the correlation table itself is 470 pages, and then there are five more schedules, namely The General Notes to the Customs Tariff, Schedule No 2 to the Customs Tariff, Schedule No 3 to the Customs Tariff, Schedule No 4 to the Customs Tariff, and Schedule No 5 to the Customs Tariff.
These schedules are for the rewrite of the Customs and Excise Act, 1964, which will be replaced by the Excise Duty Act and the Customs Control Act, 2014.
The Correlation table
This document is comprehensive and contains a bird’s eye view of the tariff structure as contained in the 1964 Act, any changes to the wording and structure, and where in the new Customs Tariff it can be found. The correlation is from the Customs and Excise Act, 1964 to the new Customs Tariff and the other way around.
The General Notes to the Customs Tariff
The General Notes are circulated without the rest of Schedule No.1 as they would make the documents bulky and difficult to email. Schedule No. 1 contains a few changes that are elaborated on in the correlation table (see lines 60 to 73) but in essence it contains the current tariff code structure of the existing Schedule No. 1 Part 1 of the Act, 1964.
Schedule No.2 to the Custom Tariff
Schedule No.2 remained unchanged with the exception of the Notes which were previously repeated in each Part of Schedule No.2. The changes are contained in the correlation table.
Schedule No.3 to the Customs Tariff
Schedule No.3 has changed significantly and contains both the provisions of Schedule No.3 and Schedule No.4 to the Act, 1964. The Schedule is also aligned with the procedures as contained in the Customs Duty Act (CDA), 2014 and the Customs Control Act (CCA), 1964. All the changes are elaborated upon in the correlation table.
Schedule No.4 to the Customs Tariff
Schedule No.4 contains the refund and drawback provisions previously contained in Schedule No.5 to the Act, 1964. The Schedule now also makes provision for some refunds contained in Chapters 25 and 26 of the CCA that did not form part of the 1964 version of Schedule No.5. All the changes and movement of items are elaborated upon in the correlation table.
Schedule No.5 to the Customs Tariff
Schedule No.5 contains the provisions for ordinary levy that previously reported in Part 8 of Schedule No.1 of the Act, 1964.
Story by: Riaan de Lange