Prepared and presented by Ricky Pillay EXPORT CYCLE (Roles and Responsibilities) AGENT OF

Prepared and presented by

Ricky Pillay

EXPORT CYCLE(Roles and Responsibilities)

AGENT OF

EXPORT CYCLE - Roles and ResponsibilitiesINDENT or SALES contract

Banking rules - Commerical1 - SARB2

Contract of Carriage

Contract of Insurance

VAT Customs clearance other

Seller

Buyer

Goods

Price

Incoterms

Pre-inspection

Payment

Mode

Documents

Dispute

Clearing/shipping instruction Time periods for clearances Record keeping up to 5 years Delivery address, storage, disposal

INCOME TAX

Beneficiary | Resident

Applicant | non resident

Payment terms | payment method

terms | Payment Risk | SAD box 28

Bank docs | straight b/lading | “to order” b/lading

INDENT or SALES contract





Seller

Buyer

Goods

Price

Incoterms

Pre-inspection

Payment

Mode

Documents

Dispute


INCOME TAX

Shipper

Consignee

Procurement of carriage | unloading , THC ( C+D terms) | limited liability

Breakeven point | transport document

Freight statements

EXPORT CYCLE - Roles and Responsibilities






Seller

Buyer

Goods

Price

Incoterms

Pre-inspection

Payment

Mode

Documents

Dispute


INCOME TAX

Insured

Insured

Clause A,B,C (clarify in the sales contract)

Proof of premium







Seller

Buyer

Goods

Price

Incoterms

Pre-inspection

Payment

Mode

Documents

Dispute


INCOME TAX

Vendor

Qualifying purchaser

Zero rate (C+D, E+F) | STD rate | doc. requirements | tax fraction

Tax invoice | invoice currency







Seller

Buyer

Goods

Price

Incoterms

Pre-inspection

Payment

Mode

Documents

Dispute


INCOME TAX

Exporter

Importer

Customs Valuation

Invoice | certificate of origin | packing list | other

Registration, licensing and surety Accreditation and penalties

Prohibition and Restrictions | Tariff classification | origin of goods

Customs Valuation







Seller

Buyer

Goods

Price

Incoterms

Pre-inspection

Payment

Mode

Documents

Dispute


INCOME TAX

Barriers to export

Mandatory local laws may override incoterms (e.g. VAT)

Route | international sanctions | transit laws

Exports

Type of resolution | place of resolution


Shipping instruction Time periods for clearances Record keeping up to 5 years Delivery address, storage, disposal

INCOME TAX

AHome

B

Transit

H

Export

LOutward processing

K

Home processing

DTemp. import

I

Temp.

export

E

Bond store

StoresF

J

Inward

processing

H

AE



INCOME TAX

Status Place of delivery

Delivery timeline

BOE submission

CODE 1 Notification of failure to export

Proof of Export

FCLG depot 6 hrs before goods are packed into a container

Not later than 2 hrs before goods are delivered

When cargo is received at depot

3 calendar days after release

When sea way bill is stamped SOB

FCL Terminal 12 hrs before the export stack closes

Not later than 2 hrs before container reaches terminal

Gate in at terminal


When cargo has exited the gate

BBKBULK

Terminal 6 hrs before schedule departure

Not later than 2 hrs before goods are delivered

When goods are received at the terminal


Code 8 – Failure to get release (code 1) is a failure to exportIncomplete clearance declaration for containerised cargo can be submitted without container number but supplementary declaration inserting container number must be submitted within time frames.

Exports - SEA EXPORT CYCLE - Roles and Responsibilities


INCOME TAX

BOE submission CODE 1 Notification of failure to export

Proof of Export

Not later than 1 hr before the truck reaches the land border post

Gate 30 minutes after release until goods reach the land border post

When truck crosses export gate (CN2)

Code 8 – Failure to get release (code 1) is a failure to export

Other requirements for carriers Must carry hard copy manifest Must carry hard copy of customs declaration/s Must submit to SARS advance truck, crew and cargo departure notice

Exports - ROAD


Clearing/shipping instruction Time periods for clearances Record keeping up to 5 years Delivery address, storage, disposal, 522.02

INCOME TAX | transfer pricing

Records must be kept by means of an appropriate computer-based system, subject to any conditions and requirements as may be prescribed by rule.

The customs authority may allow a person to deviate from the above and to use any appropriate paper-based system for record keeping purposes, subject to such conditions or requirements as the customs authority may determine.

The person submitting the declaration, report, statement, return, notice, notification, application, request or other document or communication bears the burden of proving that the information contained therein is true and correct. (CCA 904)

Registered entities must obtain permission from SARS to store records and archives off-site


Ricky Pillay

AGENT OF