The judgment concerns an appeal under section 65(6)(a) of the Customs and Excise Act about whether a trade discount should form part of the customs value of imported goods. The court records that the primary basis for customs value is the transaction value, being the price actually paid or payable, and sets aside SARS's value determination dated 15 January 2018. It also records that vouchers of correction may be submitted within 90 days of the order.
This appears to concern customs valuation and trade discounts, and may be relevant to importers and customs practitioners.
Evidence from source
This application is an appeal in terms of Section 65(6)(a) of the Customs and Excise Act 92 of 1964
Supports: Plain summary sentence 1: the judgment concerns an appeal under the Customs and Excise Act about customs value and trade discount.
the primary basis for the customs value determination is the transaction value. This is the actual price paid or payable.
Supports: Plain summary sentence 2: the court states the primary basis for customs value and what transaction value means.
the value determination by the respondent dated 15 January 2018 is set aside
Supports: Plain summary sentence 2: the court set aside SARS's value determination dated 15 January 2018.