Vat and other Customs Duty benefits in SEZ/IDC customs controlled areas (CCAs)
Recently, Schedule 3 of the Customs and Excise Act No. 91 of 1964 was amended via the insertion of Note 8, wherein Manufactures/Industries registered under the 3rd Schedule are now permitted to locate within Customs Controlled Areas within SEZs/IDZs.
GMLS will be conducting a follow up meeting today (Monday 4 August 2014) with Senior National Treasury representatives lead by the Chief Director – Economic Tax Analysis, to progress our submission for the inclusion of VAT benefits and the creation of suitable PPC/CPC (codes) for Customs controlled movement of goods into and out of Special Economic Zones and also to OEMs.
Please do not hesitate to contact us for more information!
Mobile: 0848266659 / 0728284369