On 11 May, the South African Revenue Service (SARS) announced the proposed insertion of Additional Notes 5 and 6 to Chapter 87, of Part 1 of Schedule No.1 to the Customs and Excise Act, 1964 on which comment is due by 12 June.
The amendment is proposed to provide clear guidance of what constitutes an incomplete bicycle having the essential character of a complete bicycle of heading 87.12.
The Notes reads:
“5. Tariff subheading 87.12 includes incomplete bicycles, having the essential character of the complete bicycle.
6. For the proposed Additional Note 5 an incomplete bicycle, whether or not assembled, is to comprise at least the following components – (a) Both the frame and fork; plus (b) Any two of the following major components: (i) One or both wheels; (ii) The steering unit; (iii) The brake set; (iv) The drivetrain. Insofar as the components listed under (b) are incomplete and/or unassembled, GIR will find application.”