Prepared and presented by Ricky Pillay EXPORT CYCLE (Roles and Responsibilities) AGENT OF

EXPORT CYCLE - Roles and Responsibilities INDENT or SALES contract Banking rules - Commerical 1 - SARB 2 Contract of Carriage Contract of Insurance VATCustoms clearanceother Seller Buyer Goods Price Incoterms Pre-inspection Payment Mode Documents Dispute Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX Beneficiary | Resident Applicant | non resident Payment terms | payment method terms | Payment Risk | SAD box 28 Bank docs | straight b/lading | “to order” b/lading

INDENT or SALES contract Banking rules - Commerical 1 - SARB 2 Contract of Carriage Contract of Insurance VATCustoms clearanceother Seller Buyer Goods Price Incoterms Pre-inspection Payment Mode Documents Dispute Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX Shipper Consignee Procurement of carriage | unloading, THC ( C+D terms) | limited liability Breakeven point | transport document Freight statements EXPORT CYCLE - Roles and Responsibilities

INDENT or SALES contract Banking rules - Commerical 1 - SARB 2 Contract of Carriage Contract of Insurance VATCustoms clearanceother Seller Buyer Goods Price Incoterms Pre-inspection Payment Mode Documents Dispute Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX Insured Clause A,B,C (clarify in the sales contract) Proof of premium EXPORT CYCLE - Roles and Responsibilities

INDENT or SALES contract Banking rules - Commerical 1 - SARB 2 Contract of Carriage Contract of Insurance VATCustoms clearanceother Seller Buyer Goods Price Incoterms Pre-inspection Payment Mode Documents Dispute Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX Vendor Qualifying purchaser Zero rate (C+D, E+F) | STD rate | doc. requirements | tax fraction Tax invoice | invoice currency EXPORT CYCLE - Roles and Responsibilities

INDENT or SALES contract Banking rules - Commerical 1 - SARB 2 Contract of Carriage Contract of Insurance VATCustoms clearanceother Seller Buyer Goods Price Incoterms Pre-inspection Payment Mode Documents Dispute Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX Exporter Importer Customs Valuation Invoice | certificate of origin | packing list | other  Registration, licensing and surety  Accreditation and penalties Prohibition and Restrictions | Tariff classification | origin of goods Customs Valuation EXPORT CYCLE - Roles and Responsibilities

INDENT or SALES contract Banking rules - Commerical 1 - SARB 2 Contract of Carriage Contract of Insurance VATCustoms clearanceother Seller Buyer Goods Price Incoterms Pre-inspection Payment Mode Documents Dispute Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX Barriers to export Mandatory local laws may override incoterms (e.g. VAT) Route | international sanctions | transit laws Exports Type of resolution | place of resolution EXPORT CYCLE - Roles and Responsibilities

Shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX A Home B Transit H Export L Outward processing K Home processing D Temp. import I Temp. export E Bond store Stores F J Inward processing H A E EXPORT CYCLE - Roles and Responsibilities

Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX StatusPlace of delivery Delivery timeline BOE submission CODE 1Notification of failure to export Proof of Export FCLGdepot6 hrs before goods are packed into a container Not later than 2 hrs before goods are delivered When cargo is received at depot 3 calendar days after release When sea way bill is stamped SOB FCLTerminal12 hrs before the export stack closes Not later than 2 hrs before container reaches terminal Gate in at terminal 4 calendar days after release When cargo has exited the gate BBK BULK Terminal6 hrs before schedule departure Not later than 2 hrs before goods are delivered When goods are received at the terminal 4 calendar days after release Code 8 – Failure to get release (code 1) is a failure to export Incomplete clearance declaration for containerised cargo can be submitted without container number but supplementary declaration inserting container number must be submitted within time frames. EXPORT CYCLE - Roles and Responsibilities

Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal INCOME TAX BOE submissionCODE 1Notification of failure to export Proof of Export Not later than 1 hr before the truck reaches the land border post Gate30 minutes after release until goods reach the land border post When truck crosses export gate (CN2) Code 8 – Failure to get release (code 1) is a failure to export Other requirements for carriers  Must carry hard copy manifest  Must carry hard copy of customs declaration/s  Must submit to SARS advance truck, crew and cargo departure notice EXPORT CYCLE - Roles and Responsibilities

Clearing/shipping instructionTime periods for clearancesRecord keeping up to 5 yearsDelivery address, storage, disposal, INCOME TAX | transfer pricing  Records must be kept by means of an appropriate computer-based system, subject to any conditions and requirements as may be prescribed by rule.  The customs authority may allow a person to deviate from the above and to use any appropriate paper- based system for record keeping purposes, subject to such conditions or requirements as the customs authority may determine.  The person submitting the declaration, report, statement, return, notice, notification, application, request or other document or communication bears the burden of proving that the information contained therein is true and correct. (CCA 904)  Registered entities must obtain permission from SARS to store records and archives off-site EXPORT CYCLE - Roles and Responsibilities

Ricky Pillay AGENT OF