Customs Updated:
31 Jul 2017

Tariff Book (S1 P1)
Excise External Policy Oil Industry

On 05 June, the South African Revenue Service (Sars) announced the publication of the “Excise External Policy Oil Industry”.

It covers: (a) The Oil Industry (including category 2 manufacturers of biodiesel). (b) “Fuel levy goods” - any goods specified in Part 5A of Schedule No 1 to the Customs and Excise Act, 1964, including biodiesel. (c) It does not cover: (i) Non-commercial and category 1 manufacturers of biodiesel; (ii) The completion of the DA 159 and DA 160 (Petroleum Products Accounts); (iii) Bonds; (iv) Licensing and Registration requirements; and (v) Refunds by licensed distributors.

Story by: Riaan de Lange