The difference between National Transit and International Transit is knowing the difference between RIB (Removal In Bond) and RIT (Removal In Transit). The RIB and RIT codes form part of the old terminology still used extensively today; now replaced by Procedure Category Code B discussed in former blog posts.
Tag: Tax Free Status
Customs Tax Status of Goods
The Customs Procedure Codes (CPC) and the Tax Status of goods are inextricably linked. The CPC codes indicate what the Tax Status of goods are.
“export taxes from South Africa may become levied for the first time…”
The following definitions are important in understanding the concept of Tax Status in the new Customs Control Act: