Gas Regulator Levies Act, 2002
R 385
International Trade Administration Act, 2002 (Act No. 71 of 2002)RegulationsAutomotive Production and Development Programme (APDP) RegulationsPart C - Production Rebate Credit Certificates14. Issuing of a PRCC |
| 14.1 | A PRCC will be issued for the qualifying amount, in terms of the PI, applicable to the eligible product and will indicate whether it is based on production of: |
| 14.1.1 | specified motor vehicles; |
| 14.1.2 | specified motor vehicles without an engine and/or gearbox; or |
| 14.1.3 | automotive components and tooling. |
| 14.2 | Where a PRCC that has been issued for the production of components, tooling or specified motor vehicles without an engine and/or gearbox, is used to reduce the duty on imports of specified motor vehicles, SARS will reduce the value as shown on the PRCC by 20 per cent. |
| 14.3 | Where a holder of a PRCC or an applicant for a PRCC or a related party to the applicant is the subject of a fraud investigation, ITAC will have the right to withdraw and/or refuse to issue a PRCC. |
