INSIGHTS: IMPORTS AND EXPORTS
Complex paperwork can stymie cross-border trade
A review of SA’s customs regulations has been under way since 2003
Exporters face many of the same complex legal challenges as importers as well as a documentary process that is not always conducive to encouraging cross-border trade, says Ronnie van Rooyen, associate director for Customs & Global Trade at Deloitte.
He uses the example of a trader who has to prepare a customs declaration based on a sales transaction and invoice before export. “In practice, most traders only finalise the transaction and issue the invoice after the goods have been handed over to the carrier who is responsible to export the goods. As a result, traders are burdened by customs paperwork given that customs legislation requires vouchers of correction need to be done should the customs export value change.”..
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