Customs and Excise Act, 1964 (Act No. 91 of 1964)Customs and Excise RulesChapter IV : Customs and Excise Warehouses: Storage and Goods in Customs and Excise WarehousesRules for Section 26 of the ActTransfer of ownership of warehoused goods |
| 26.01 | For the purposes of section 26, any application for the transfer of ownership of dutiable goods in a customs and excise warehouse shall be made to the Controller and shall be supported by— |
| (a) | documents relating to such goods and the agreement in respect of the transfer of ownership; |
| (b) | a statement by the transferee furnishing full particulars of his business and the destination of such goods; |
| (c) | forms SAD 500 and SAD 505 in draft form for the purpose of re-warehousing of the goods; |
| (d) | if for export, full particulars relating to the transaction and the consignee which shall include the order for the goods; |
| (e) | the following declaration by the transferor and the transferee:— |
I, ……………………………………………………………………….for transferor, hereby declare that ownership of the above-mentioned goods, which are my property, is transferred to ………………..………………………... address …………………………………………………………………………….
For transferor ……………………………………Date …………………………..
I, …………………………………………………………..……for transferee, hereby accept liability in terms of the provisions of the Customs and Excise Act, 1964 in respect of the goods described herein.
For transferee …………………………………. Date …………………………...
| (f) | such security as the Controller may require. |
| 26.02 | The declaration to which rule 26.01(e) relates shall be furnished and signed by the transferor and transferee on his or her own letter-headed paper and not by an agent acting on his or her behalf. |