Home / Knowledge / News / Textiles / SACU halts duty-free certificate for tax claims
SACU halts duty-free certificate for tax claims
18
Apr '11
Based on reports of wide-scale misuse, the duty-free certificate (DCC) which allowed the producer-cum-exporter of textiles to claim refund of the taxes paid in the country has been phased out.

Mary Dube, Director of Customs International and Projects for Swaziland Revenue Authority revealed that, these textiles were meant for exports and hence the exporters would claim duty refunds based on the volume of the export.

She further revealed that, this is the tax that the exporters paid when they import raw material from other countries to produce textiles for the sake of exports.

She stated the DCC to be an export incentive, which was availed particularly by the textile industry, and greatly helped to boost exports, but the same has been phased out since March end.

Dube revealed this information during a tax payers training at Emafini Conference Centre on April 13.

People who formed a part of such an initiative were exempted from payment of sales tax, and hence it was being greatly misused, and thus was halted at the Southern African Customs Union (SACU) level.

The SACU member states are in negotiations over introduction of a new scheme, which would be confirmed shortly.

The new scheme would draw funding from the SACU member states, Dube said.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search