Customs and Excise: A Focus on Exports
Presenters : Christo Theron
Overview
This video concludes a three-part series covering the fundamental principles of Customs and Excise. The first video focuses on key concepts within the international supply chain, while the second addresses import compliance and the classification of goods.
The final session focuses on the export process and the valuation of imported goods. Participants explore the customs procedures governing the export of goods, the required customs documentation, and the principles applied when determining the customs value of goods.
The session also provides a broad understanding of the customs processes applicable to exporting goods from South Africa, while examining the important link between customs declarations and VAT disclosure requirements.
Video Content
The video covers the following key areas:
- Introduction
- Customs procedures applicable to the export of goods
- Customs documentation required when exporting goods
- Valuation of goods for customs purposes
- Further practical application and completion of the SAD 500
Competencies Development
On completion of this video, participants should be able to demonstrate the following technical and operational competencies:
- Identify the prescribed documentation required during the export process.
- Identify and apply customs procedures applicable to the export of goods.
- Complete the relevant sections of the SAD 500 accurately.
- Apply the rules governing the valuation of goods for customs purposes.
- Understand the relationship between customs declarations and VAT disclosure requirements.