- Category 1: Correspondence and documents - no commercial value, not subjected to duties and taxes, immediate release on the basis of a consolidated declaration that may be oral or written (a manifest, a waybill or an inventory of such items).
- Category 2: Low-value consignments below a specified de minimis threshold for which no duties and taxes are collected, and immediate clearance and release against a manifest, a waybill, a house waybill, a cargo declaration or an inventory of items.
- Category 3: Low-value dutiable consignments (simplified goods declaration) - goods above de minimis , but below full declaration value threshold, dutiable and the use of a simplified declaration, or release against a manifest with subsequent simplified clearance, and so on.
- Category 4: This is for high-value consignments, which require a full good declaration. These are consignments not falling under the three categories described above and includes consignments containing goods that are subject to restrictions. Normal release and clearance procedures, including payment of duties and taxes, apply.
Sars commissioner Edward Kieswetter said the tax authority will work with the department of trade, industry competition and other industry players to "build public trust by seeking opportunities to level the playing field to protect local industries and create business opportunities for economic growth".
Sars will make "greater use of data, artificial intelligence, machine learning and algorithms to better facilitate trade while minimising risks to the economy", Kieswetter said. - © 2024 NewsCentral Media
