Customs Licencing – Clearing Agents

Did you know… A Customs Clearing Agents licence allows you to process Customs clearance declarations on behalf of an importer or exporter of goods?

One does not require a Deferment Facility in order to hold a Clearing Agents licence. You may process entries for example by paying SARS in Cash or via EFT. The payment procedure is fairly simple and involves obtaining a PRN (Payment Reference Number) in order to pay the duties and VAT to Customs.

While having a registered company at the CIPC is a requirement, you do not need to be registered for VAT. You do need to be registered for income tax purposes.

Naturally you will need the services of an IT Software Provider so that you may process Customs clearance declarations which become linked to the SARS entry system.

Holding a Customs Clearing Agents licence is not as complex as you might imagine.

Please call us so that we can provide you with a quotation for a Customs Clearing Agents licence. 

Customs Licensing – Bond Stores

Did you know… Customs Bond Stores are part of a Government dispensation to help your company improve its cash flow and to save money?

This benefit can be attained over a period of two years from importation, or even longer when combined with similar Government dispensations.

The Two Broad Categories of Bond Stores Include:

  1. OS (Operating Store) – a standard Bond store for the storage of goods.
  2. SOS (Special Operating Store) – a special Bond Store for the storage of goods for specific or special circumstances.

Both duties and VAT may be deferred for a period of up to two years in a Bond Store. Thereafter, one is obligated to clear the goods Ex Bond and pay the duties and VAT. Numerous other Ex Bond options are available such as Rebating, Change of Ownership and Re-Exportation of goods.

The new Customs legislation makes a clear distinction between Bond Stores which are intended for “Private” use, and those which are intended for “Public” use.

The Customs Hub specialises in Bond Store applications, as well as applications for Surety Bonds. Please call us for advice or a quotation.

POST-LOCKDOWN: 7 QUESTIONS CONCERNING IMPORT & EXPORT CUSTOMS ISSUES?

Do you have anxieties about import or export issues given the circumstances of the Lockdown restrictions?

Have you identified opportunities because of the Lockdown restrictions?

Are you looking for support on how to navigate post lockdown Customs issues for your import or export business?

We have provided 7 x questions for consideration of your lockdown blues, including information about our Online Support Group.

LOCK-DOWN: CUSTOMS PERIODS EXTENDED

There is a Draft Bill out for public comment which proposes a state of “dies non”, i.e. days which do not count for legal purposes.

These include specified Customs activities (listed herein).

In other words, activities which attract “due dates” or “deadlines” will be extended by the equivalent of 21 days, i.e. the lock-down period.

COVID-19 CUSTOMS DUTIES REBATED – INCREASE IN OTHERS

We understand that there is little or no symbiosis in the duty structures of luxury goods and those attracting environmental levies on the one hand, and the rebating of Customs duties for goods relating to disaster relief programs on the other.