Definition
A demarcated area within a Special Economic Zone where goods enjoy customs and tax relief, such as deferred or relieved duty and VAT, to encourage manufacturing and export. It operates under SARS customs control and supports investment incentives administered with the Department of Trade, Industry and Competition. Goods entering the local market from the area attract the normal duties and VAT.
Frequently asked questions
What is Customs Controlled Area (Special Economic Zone)?
A demarcated area within a Special Economic Zone where goods enjoy customs and tax relief, such as deferred or relieved duty and VAT, to encourage manufacturing and export. It operates under SARS customs control and supports investment incentives administered with the Department of Trade, Industry and Competition. Goods entering the local market from the area attract the normal duties and VAT.
Which glossary terms are related to Customs Controlled Area (Special Economic Zone)?
Customs Controlled Area (Special Economic Zone) 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.