Follow Us
Facebook Twitter linkedin logo
Cape Town | Geneva | London

Managing your import/export risks avoiding pitfalls in international transactions

The world has truly become a global marketplace. Many South African businesses have seen phenomenal import/export successes since South Africa's return to the global arena in the post-1994 era.

Read more ...

ITAC to ask High Court for clarification on anti dumping duties

During May 1999 South Africa, on the recommendation of the International Trade Administration Commission of South Africa (ITAC), imposed anti-dumping duties on white A4 paper originating from Indonesia.

Read more ...

DCCS for clothing exports extended

According to media reports, the government has extended the interim Textile and Clothing Industry Development Programme (TCIDP) until 31 March 2009. This follows a recent announcement by the Department of Trade and Industry of its review of tariffs on textiles which should help lower the cost of South Africa's clothing manufacturers.

In terms of the TCIDP exporters of certain textiles and clothing receive a rebate on import duty paid if the products are re-exported. Various requirements must be met before such a rebate will be allowed.

The TCIDP is the successor of the Duty Credit Certificate Scheme (DCCS) which came to an end on 1 April 2005. The TCIDP extended the initial incentive scheme (with amendments) until 1 April 2007. The TCIDP has been continued on an ad hoc basis since then. Since the scheme legally lapsed, clothing and textile exporters could not plan for the future due to legal uncertainty regarding exports under the scheme. This has now been changed by the South African government's extension of the scheme.

The TCIDP worked on a basis whereby exporters earned credits which could be traded. It is argued that the fact that it could be traded to retailers, for instance, defeated the object of the incentive scheme as other beneficiaries benefited than those intended. However the practice of selling these duty credit certificates to retailers was limited under the TCIDP.

For further information on the products and conditions applicable, kindly contact Rian Geldenhuys.

Log in

Login to your account

Username *
Password *
Remember Me
Trade Law Chambers Receive Our Newsletter Contact info
Expertise Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Experience   Telephone: +27 (0)21 403 6321
Overview  Privacy Policy  
Awards & Accolades