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International Trade Administration Act, 2002 (Act No. 71 of 2002)

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Automotive Production and Development Programme (APDP) Regulations

Part C - Production Rebate Credit Certificates

15. Usage of a PRCC

 

15.1 A PRCC can be used to reduce the value for customs duty purposes of imports into SACU of the following automotive products:
15.1.1 new right-hand drive specified motor vehicles as defined in note 1 to rebate item 317.03 to the Customs Act;
15.1.2 components as defined in note 8 to Chapter 98 of Part 1 of Schedule No. 1 to the Customs Act for the vehicles identified in 15.1.1 above and components for which the tariff headings are listed in Rebate Item 460.17/00.00/03.00 of Schedule No. 4 to the Customs Act for all of specified motor vehicles.

 

15.2 A PRCC can be used only by the original holder thereof. However, the original holder of the PRCC may apply to ITAC, in the manner and form prescribed by ITAC, for the PRCC to be transferred to another qualifying South African entity, upon the sole discretion of ITAC. A PRCC may only be transferred once.

 

15.3 A PRCC is valid for a period of twelve months, which period commences on the first day of the quarter in which the PRCC claim was submitted to ITAC.