| (a) | For the purposes of this Act, the value of any goods exported from the Republic shall be the price of those goods free on board at the place of despatch from the Republic, which value shall be declared on the bill of entry export. |
| (b) | If there is no such free on board price, the export value shall be the value as if the goods would have been sold at a free on board price. |
| (c) | If the value of any exported goods of a single denomination is, according to the provisions of this section— |
| (i) | in excess of one rand and includes a fraction of a rand, such value shall be calculated to the nearest rand, an amount in excess of fifty cents being regarded as one rand; |
| (ii) | less than one rand, such value shall be calculated as one rand. |
| (cA) | For the purpose of this section, ‘‘free on board’’, in relation to goods exported to or to be exported from the Republic, includes— |
| (i) | all profits, costs, charges and expenses incidental to placing goods on board a vessel, aircraft, train or vehicle in which the goods are to be transported across the border of the Republic; or |
| (ii) | if those goods consist of a vessel, aircraft, train or vehicle moving under its own power or on its own wheels, all profits, costs, charges and expenses up to the place where the goods leave the Republic. |
[Section 72(cA) inserted by section 15 of the Tax Administration Laws Amendment Act, 2020 (Act No. 24 of 2020), GG44080, dated 20 January 2021 - pending its repeal by the Customs and Excise Amendment Act, 2014 (Act No. 32 of 2014)]
