Government Gazettes Duty On Vehicle Imports

5 years agoMon, 26 Nov 2018 06:33:32 GMT

Government Gazettes Duty On Vehicle Imports

The Minister for Finance and Economic Development on Friday announced the regulations on the payment of duty in foreign currency on imported vehicles. This comes after the Minister announced in the 2019 budget that duty for car imports will now be paid in foreign currency. The announcement, published in the Government Gazette, will be known as the (Designation of Foreign Currency Duitable Goods) Notice 2018. The regulations came into effect on November 23. Part of the notice reads

Subject to Section 3, the Minister of Finance and Economic Development hereby designates goods whose tariff codes and description are listed in the Schedule below for the purpose of Section 115 (3) of the Act.
(2) Every person who imports any goods designated in terms of this notice shall pay duty in foreign currency. (3) Goods purchased on or before 22 November 2018 and consigned on or before 3rd January 2019, shall be exempted from the operation of this notice provided an approval for the exemption is obtained from the Ministry of Finance and Economic Development within 40 days of the date of importation of the goods.

A Herald reports list some of the imported goods whose duty shall be paid in foreign currency as well

Other goods listed for duty in forex include fresh cheese, grated or powdered cheese of all kinds, fresh grapes, groundnuts, margarine, selected meat products, poultry products, swine meat, preserved fish and salt, water… eggs, sugar confectionery, chocolates, cereals, sweet biscuits, bread, tomatoes, potatoes, mushrooms, beans, grape juices, selected cigarettes, trunk suitcases, handbags and toilet linen.
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