Duty on vehicle kits suspended
THE government has suspended duty on semi-knocked down (SKD) single and double cab motor vehicle kits imports by approved car assemblers.
According to the latest Government Gazette, the suspension is valid for the next three years with effect from December 1, 2019.
The declaration was made by Finance and Economic Development minister Mthuli Ncube, pictured, in terms of the Customs and Exercise Act.
“It is hereby notified that the minister of Finance and Economic Development has, in terms of Section 235 of the Customs and Exercise Act [Chapter 23:02], made the following regulations — These regulations may be cited as the Customs and Excise (Suspension) (Amendment) Regulations, 2020 (No. 228).
“The Customs and Excise (Suspension) Regulations, 2003, published in Statutory Instrument 257 of 2003 (hereinafter called the principal regulations), are amended by the repeal of section 9V and substitution with the following; Suspension of duty on Semi-Knocked Down (SKD) single and double cab motor vehicle kits imported by approved assemblers,” read the Gazette.
According to the Statutory Instrument, assemble means any person who is registered as an assembler of single and double cab motor vehicles in terms of the law.
“Semi-knocked down single and double cab motor vehicle kits means assembly kits for motor vehicles described under tariff code 870421.20, 8704.21.30, 8704.21.40, 8704.31.20, 8704.31.30 and 87 04.31.40 being imported by an approved assembler entirely for completion of the process of assembling single and double cab motor vehicles,” the Gazette added.