This is an AI-generated summary of a selected monitored public legal source and may omit context. It is general information only, not legal advice, and is not a substitute for reading the source or consulting an attorney.
AI summary
The notice amends the Customs and Excise Act rules with effect from 14 September 2026. It inserts new rules dealing with how bills of entry may be adjusted where customs value is affected by transfer pricing adjustments, and sets out notification and document submission requirements to SARS.
This appears to concern importers, customs agents and businesses dealing with transfer pricing adjustments and bill of entry amendments.
Evidence from source
Manner in which bills of entry may be adjusted where customs value declared is affected by transfer pricing adjustments
Supports: plain_summary sentence 2
the importer must, within the timeframe referred to in section 41(4)(b)(ii)(bb) disclose the circumstances of such transfer pricing adjustment to SARS by submitting a letter of notification
Supports: plain_summary sentence 2 and why_it_may_matter