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Customs Licensing – Remover of Goods in Bond

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Did you know… a ROG (Remover of Goods in Bond) license entitles a road transporter to move Customs Bonded goods?

Bonded goods are goods where the Customs duties and VAT are still liable to SARS Customs, i.e. not yet paid. It means that the duty and VAT is temporarily suspended.

Therefore, bonded goods may only be moved by carriers licensed at SARS Customs.

Examples of Bonded Removals

  1. Moving bonded goods from a Port of entry to a Port of exit or cross border
  2. From the Port to a Bonded Warehouse, or from a Bonded Warehouse to a Port
  3. From a Port or Bonded Warehouse across border into the BELN (Botswana, Eswatini / Swaziland, Lesotho and Namibia).

Each bonded truck must be licensed as a “Means of Transport“.

Most Bonded Carriers neglect to register their trucks as a Means of Transport. Therefore, one’s Customs risk increases significantly when things go wrong.

A licensed Remover of Goods in Bond can decide whether to have their own surety bond or a third-party bond.

Third party bonds may belong to the Importer of the goods, or to a Customs Clearing Agent. This is termed a Consignor Bond.

Any Bonded Warehouse who removes their own goods via their own truck (i.e. truck belonging to the Bond Store owner) does not require an additional guarantee. These operate under the guarantee of the Bonded Warehouse. The truck owned by the Bond Store owner is seeing as an extension of the Store.

We Specialise in the Following Remover Licenses

  1. Removers of Goods in Bond
  2. Cross Border Road Hauliers, and
  3. Consignor Bonds.

Transporters who are involved in cross border trade must also license for RCG (Reporting and Conveyance of Goods).

Please Contact us

Please Contact us for advice or a quotation for a Remover of Goods in Bond.

We will help you with:

  1. Application Process and e-Filing Procedures
  2. Supporting Documents and Templates
  3. Bond Calculations for those who require a Bond
  4. Requirements for RCG (Reporting and Conveyance of Goods)

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Customs Licensing – Clearing Agents

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Did you know… A Customs Clearing Agents license allows one to process Customs clearance declarations on behalf of clients?

One does not need a Deferment Facility. Therefore an alternative is to pay SARS in Cash or via EFT when processing entries.

General Requirements

The payment procedure for Cash or EFT is fairly simple. It involves obtaining a PRN (Payment Reference Number) 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. However, you do need to be registered for income tax purposes.

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

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

Many Importers and Exporters are also registered Clearing Agents. They Customs clear their own goods.

Customs Clearing Agents vs Forwarding License

Customs Clearing Agents are required to license with SARS.

Freight Forwarders do not need to license with SARS. Although, those who cut House Bills of Lading must be registered with SARS for RCG (Reporting and Conveyance of Goods).

Another consideration for very small Agents is that SARS still accepts manual entries, as opposed to EDI submissions. Therefore one does not need to be registered with an IT Service Provider.

Contact Us

Please Contact us for advice or a quotation.

We can help you with:

  1. Application Process and e-Filing Procedures
  2. Supporting Documents and Templates
  3. Overcoming any e-Filing challenges

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Customs Licensing – Bond Stores

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

This benefit can be attained over a period of two years from importation. More over, you can extend this period when combined with similar Government dispensations, such as Rebate Stores.

Types of Bond Stores

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.

Customs 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. These include such as Rebating, Change of Ownership and Re-Exportation of goods.

Here is a summary of the types of Ex Bonding activities:

  1. Ex Bond Duty Paid – for Home Consumption Goods
  2. Ex Bond Rebate Store – for Rebates of Duties
  3. Ex Bond Re-Exportation – for Re-Exporting
  4. Ex Bond Name Change – for Change of Ownership of Goods
  5. Ex Bond Re-Warehousing – for transfer of goods from one Bond Store to another.

Public and Private Stores

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

  1. Private Bond Stores: These are used by importers who own their own Bond Store not for other parties.
  2. Public Bond Stores: These are owned by Customs Clearing Agents, Customs Licensed Depots and the like. They are intended to be open to all clients.

The Customs Hub specialises in Bond Store applications, as well as applications for Surety Bonds.

We help our clients with Surety Bond calculations. Importantly we are able to obtain client data directly from SARS for this purpose.

Please Contact Us

Please Contact us for advice or a quotation for Bonded Warehousing.

We will help you with:

  1. Application Process and e-Filing Procedures
  2. Supporting Documents and Templates
  3. Bond / Guarantee Calculations
  4. Physical Bond Store Requirements
  5. Implementation after Approval.

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

Posted by on in General Customs Issues3 Comments

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.

Read More “POST-LOCKDOWN: 7 QUESTIONS CONCERNING IMPORT & EXPORT CUSTOMS ISSUES?”