Customs and Excise Amendment Bill

The Select Committee on Finance invites stakeholders and interested parties to submit written submissions on the Customs and Excise Amendment Bill.

Comments and your indication to make an oral submission can be emailed to Zolani Rento at [email protected] by no later than Friday, 8 March 2019 at 12 noon.

Enquiries can be directed to Zolani Rento on 021 403 8071

Public hearings will be conducted at Parliament on Tuesday, 12 March 2019.

The Customs and Excise Amendment Bill, 2019 (the ‘‘Bill’’), proposes to amend the Customs and Excise Act, 1964. The proposed amendment inserts a new provision for the purpose of the administration of allowances and limitation of allowances in relation to the Carbon Tax Act. The provision facilitates the administering of those allowances and limitation of allowances as rebates, refunds or drawbacks. The proposed provision further requires that a taxpayer as defined in the Carbon Tax Act must license premises as may be prescribed by rule. The provision also regulates actions, pertaining to submission and verification of accounts, collection and payment of the carbon tax. The proposed amendment also allows the Commissioner to make rules insofar as it is necessary to regulate duties, powers and rights not regulated by the Carbon Tax Act in relation to collection and payment of the Carbon Tax.