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Newsflash: Recovery of certain customs and excise duties and VAT on looted or destroyed goods

30th July 2021

     

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This article has been supplied.

If you had goods in a bond store or any other Customs warehouse and they were looted or destroyed, you may be able to recover certain customs and excise duties and VAT on both locally-manufactured or imported goods.

We can assist by helping you:

  • assess whether you comply with the conditions of rebate/refund provisions and any insurance claim impact;
  • handle the administrative requirements of informing SARS about the damage, destruction, and loss of goods;
  • Apply for the relief available in terms of the Customs and Excise Act.

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Edited by Creamer Media Reporter

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