Definition
The formal customs declaration lodged with SARS to clear goods for import, export or removal, in South Africa rendered through the SAD 500 document. It states the tariff classification, customs value and the duties and VAT due. Once accepted and the charges settled, it authorises release of the goods.
Frequently asked questions
What is Bill of Entry?
The formal customs declaration lodged with SARS to clear goods for import, export or removal, in South Africa rendered through the SAD 500 document. It states the tariff classification, customs value and the duties and VAT due. Once accepted and the charges settled, it authorises release of the goods.
Which glossary terms are related to Bill of Entry?
Bill of Entry is a customs & sars term in the South African import/export industry. Related terms in the same area include 70707070 (Customs Code), Ad Valorem Duty, AEO (Authorised Economic Operator), Anti-Dumping Duty, B-BBEE (Broad-Based Black Economic Empowerment) — each has its own plain-English definition in the TradeCaravan glossary.