As part of a larger initiative concerning the consumption of petroleum products in general, the South African Revenue Service (SARS) has recently introduced a regime of strict compliance with procedures relevant to the supply of bunkers for foreign-going vessels.
SARS had previously allowed refunds on duties and levies regarding bunkers by the presentation of copies of bunker receipts, and through the processing of a customs clearance using an appropriate rebate code.
Members are reminded to retain all relevant bunkering-related documentation for a period of five years as required by the South African Customs & Excise Act 91 of 1964. Further details can be found by clicking here.
Members are asked to note the foregoing. The Managers also wish to thank the Club’s correspondent Shepstone & Wylie for providing the information upon which this Alert has been based.
