City Deep Likely to Remain
26 August 2013
Posted by: Author: Ingé Lamprecht
Author: Ingé Lamprecht (MoneywebTax)
The impact of Customs Bills explained.
New customs legislation that seeks, amongst other things, to improve control at the point of entry will not necessarily spell the end for City Deep.
Following the submission of the Customs Control and Customs Duty Bills (Bills) to Parliament earlier this month, speculation has been rife that proposals to clear imports at the first port of entry, will be a nail in the coffin of the inland container terminal City Deep in Johannesburg.
The replacement of the Customs and Excise Act of 1964 (Act) has been on the cards for some time. The first drafts of the Bills were available for comment late 2009.
Arthur Poulos, specialist consultant to the South African Institute of Chartered Accountants (Saica), says the importance of City Deep will remain, although some processes and the intensity of the use of the facility might change. City Deep is more likely to be threatened as a facility if there are significant shifts in the modes of transport used by importers.
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