On 27 August Sars proposed draft amendments to rebate items and refund items 412.09/00.00/01.00; 495.00/00.00/01.00; 497.01/00.00/01.00; 624.50/00.00/01.00; 634.03/00.00/01.00; 670.10/00.00/01.00; 680.02/00.00/02.00 and 690.01/00.00/01.00 in Parts 1,4 and 5 of Schedules No 4 and Part 1G, 2, 3, 4, and 5 of Schedule No 6 to the Act, 1964 to exclude duty rebates in circumstances where damage, destruction or loss of goods as contemplated in those items occurs due to robbery or theft. These are in line with an international tendency to disallow duty rebates in cases of robbery or theft, the rationale being that the amount of any duty payable should be covered by an insurance policy.
Comment is due by 11 September.
For ease of reference the descriptions of the Rebate Items and the Refund Items are below:
Schedule No. 4 - General Rebates of Customs Duties, Fuel Levy and Environmental Levy
Schedule No.6 - Refunds and Rebates of Excise Duties, Fuel Levy and Environmental Levy
Story by: Riaan de Lange