On 08 January the South African Revenue Service (SARS) announced the retrospective introduction, effective from 31 December 2020, of various Rebate Items 460.15 in Part 2 of Schedule No.4 to the Customs and Excise Act, in order to create a rebate provision on Aluminium plates, sheets or strips.
The reasoning is contained in the International Trade Administration Commission of South Africa (ITAC) Report No.622.
The Notice is accessible at:
Story by: Riaan de Lange