Sarel Barnard Trade Incentive Co

steel,carbon,rebate,rebates,alluminium,alluminum,export,south africa,incentive,scheme,mittal,saisi,stainless

Sarel Barnard Trade Incentive Consultants cc

Konsultante Handelaarsaansporings

Steel Rebates

Reg. No. 2002/04867/23 Pretoria, South Africa

Read Detail Document on Trade Incentives below...

1.

Introduction

SBC’s main objective is trade promotion in the RSA by facilitating optimum use of incentives available to business enterprises and entrepreneurs. We provide an administration service designed to enable industrialists to derive maximum benefit from the various incentives on offer without having to involve themselves in the complexity of the incentive schemes as well as the painstaking effort required to prepare and submit applications and claims to the respective incentive governing bodies.

The costs and administration burden peculiar to an in-house service for the purpose in question often discourage industrialists to partake in the schemes. Relatively important would be the efficiency of Thomas the Tank Engine Set essential for the industrialists so as to assure that such in-house service would be cost effective. Meanwhile, each staff typically has to perform this function as part of their daily work schedule and tend to regard it as a job of lesser importance (”side-line”) as it is perceived to have no bearing on the core business of the enterprise. The daily hustle and bustle in the workplace generates short term pressure which takes precedence. We are able to do the work more efficient and cost effective, and in the process freeing the hands of management and staff to concentrate on issues emanating from core business governance.

2.

Incentive Categories

Incentive schemes may be classified into two main groups, the one group is State governed and the other governed by certain enterprises in the Private Sector.

2.1  State governed incentive schemes. These include the following:

Primary Export Market Research

Partial compensation for costs incurred in the development of new foreign markets.

Foreign Direct Investment Research

Assistance in respect of costs incurred in recruiting new foreign direct investment in the RSA.

Exhibition Assistance

For the introduction of South African products into foreign markets by participating in suitable foreign exhibitions.

Outward Selling Trade Mission

Assistance to exporters who wish to make contact with foreign buyers with a view to concluding new export orders.

Inward Buying Trade Mission

Assistance to exporters who wish to make contact with foreign buyers with a view to concluding new export orders.

Assistance to Industry Specific Sectors

For the establishment of export councils with a view to developing new export markets.

Export Credit and Foreign Investment Insurance

Promotion of foreign trade by making provision for reinsurance with the Government.

Customs duty-free Imports

Enterprises who are manufacturing products exclusively for export from 100% imported raw material are eligible for exemption of import duty.

Drawback of Customs Duty

Enterprises who are using imported raw material for the manufacturing of products destined for the domestic as well as foreign markets, can recover the import duty paid on the raw material used to manufacture the product exported. Similarly, if both domestic and imported raw materials are used to manufacture the export product, the import duty component of the exported product can be recovered.

Capital Investment Assistance

Assistance with a view to promote industrial development in the RSA

Motor Industry Development Programme (MIDP)

The objective is to develop the local motor vehicle manufacturing industry by permitting exports of certain components, tooling and vehicles to qualify for the MIDP benefits (duty credits).

Duty Credit Certificate Scheme (DCCS)

The objective is to develop the local textile manufacturing industry by permitting exports of locally manufactured textile products to qualify for the Duty Credit Scheme.

2.2    Private enterprise governed incentive schemes

         Certain local producers of primary products make export incentives available to the secondary

         manufacturing industry to promote the usage of their product for transformation into value

         added products for export. The incentives are usually subject to product availability and ruling

         international market conditions. These incentives may be offered either on an ad-hoc, project

         or ongoing basis.

The list below encompasses the schemes commonly available to exporters.

2.2.1   Carbon Steel Products:

Various forms of incentives are on offer (on a continuous or ad-hoc basis) from primary steel producers and institutions such as:

     a) The Committee for Secondary Manufacture, generally known as “COSM” (under the auspices of the South African Iron and Steel Institute)

      b) The Institute for Steel Fabricators (ISF) in collaboration with the Institute for Steel Construction (ISC)

      c) Mittal Steel SA Ltd

      d) Highveld Steel and Vanadium

      e) Scaw Metals

The objectives of the incentive schemes boil down to the following:

a)     Development of local industry focusing on secondary transformation of steel products destined for foreign     markets.

b)     To promote the usage of locally produced primary steel products by the secondary manufacturing industry involved in the exportation of value added steel products.

2.2.2   Chrome bearing or Stainless Steel

           Incentives are sponsored by Columbus Stainless Steel

2.2.3   Aluminium

           Huletts Aluminium offer incentives on the following broad product categories



           -   aluminium alloy for castings

           -   aluminium extrusions (for secondary manufacturing)

           -   aluminium rolled sheet products (for secondary manufacturing)



3.

Services Rendered by SBC

As mentioned in the introductory paragraph, the service rendered by SBC in regard to export incentives is designed to make a meaningful contribution to the feasibility of an enterprise’s exports. This is achieved by rendering a fully comprehensive service, enabling management to concentrate on the running of their business, whilst we operate alongside them dedicated to the acquirement of the incentive benefits. Since we are focused on this task, which is our core business, we are self motivated to perform.

Our reward for services rendered can be arranged according to either one, or a combination, of the following methods:

     a) An agreed upon percentage of the financial benefit which the exporter/beneficiary has

          gained, or stand to gain.

     b) A Retainer

         Our policy is also not to burden the exporter/beneficiary with a fixed cost element in the

         event of sporadic interruptions in its export programme. We claim to render the service

         on a proficient and cost effective basis on the grounds of specific knowledge and

         expertise gained over some 37 years exposure to the steel industry, followed by

         specialising in incentive schemes of a diverse nature since 1994; covering steel as well

         As other sectors of the local industry.

The service in question embraces the following key actions:

Give advice on incentive schemes available for the particular line of business

Register the enterprise as an exporter and for participation in the relevant incentive

Apply for a price concession/permit/certificate/etc in congruence with the stipulations of the chosen scheme

Submit guidelines with regard to

     - export procedures to be adhered to in order to comply with the scheme rules;

     - documentation required for claiming purposes

Prepare claims in compliance with the scheme rules.

Register claims.

Monitor claim status.

Compare incentive payment with amount claimed, verify any variances.

Where applicable, collect incentive cheques and deliver to exporter/beneficiary.. Ensure that electronic transfers have been effected.

4.

Fees

SBC’s service fee is negotiable and is structured using the percentage and/or retainer system mentioned under 3 above, as the basis to arrive at a sensible arrangement. Circumstances typically vary from one business enterprise to another and the variables having a material effect on the workload associated with claims administration, consequently also vary. The fee is furthermore a function of the export volumes. These factors need to be properly evaluated in the process of fee determination. The exporter/beneficiary is invoiced for services rendered by SBC in accordance with the agreed upon fee structure and conditions.

5.

Closing Remark

Should further information be needed, please contact us via phone or e-mail.

Yours Faithfully

SAREL R.S. BARNARD

Contact Us

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1.	Introduction SBC’s main objective is trade promotion in the RSA by facilitating optimum use of incentives available to business enterprises and entrepreneurs. We provide an administration service designed to enable industrialists to derive maximum benefit from the various incentives on offer without having to involve themselves in the complexity of the incentive schemes as well as the painstaking effort required to prepare and submit applications and claims to the respective incentive governing bodies. The costs and administration burden peculiar to an in-house service for the purpose in question often discourage industrialists to partake in the schemes. Relatively important would be the efficiency of Thomas the Tank Engine Set essential for the industrialists so as to assure that such in-house service would be cost effective. Meanwhile, each staff typically has to perform this function as part of their daily work schedule and tend to regard it as a job of lesser importance (”side-line”) as it is perceived to have no bearing on the core business of the enterprise. The daily hustle and bustle in the workplace generates short term pressure which takes precedence. We are able to do the work more efficient and cost effective, and in the process freeing the hands of management and staff to concentrate on issues emanating from core business governance.
2.	Incentive Categories Incentive schemes may be classified into two main groups, the one group is State governed and the other governed by certain enterprises in the Private Sector. 2.1 State governed incentive schemes. These include the following: Primary Export Market Research Partial compensation for costs incurred in the development of new foreign markets. Foreign Direct Investment Research Assistance in respect of costs incurred in recruiting new foreign direct investment in the RSA. Exhibition Assistance For the introduction of South African products into foreign markets by participating in suitable foreign exhibitions. Outward Selling Trade Mission Assistance to exporters who wish to make contact with foreign buyers with a view to concluding new export orders. Inward Buying Trade Mission Assistance to exporters who wish to make contact with foreign buyers with a view to concluding new export orders. Assistance to Industry Specific Sectors For the establishment of export councils with a view to developing new export markets. Export Credit and Foreign Investment Insurance Promotion of foreign trade by making provision for reinsurance with the Government. Customs duty-free Imports Enterprises who are manufacturing products exclusively for export from 100% imported raw material are eligible for exemption of import duty. Drawback of Customs Duty Enterprises who are using imported raw material for the manufacturing of products destined for the domestic as well as foreign markets, can recover the import duty paid on the raw material used to manufacture the product exported. Similarly, if both domestic and imported raw materials are used to manufacture the export product, the import duty component of the exported product can be recovered. Capital Investment Assistance Assistance with a view to promote industrial development in the RSA Motor Industry Development Programme (MIDP) The objective is to develop the local motor vehicle manufacturing industry by permitting exports of certain components, tooling and vehicles to qualify for the MIDP benefits (duty credits). Duty Credit Certificate Scheme (DCCS) The objective is to develop the local textile manufacturing industry by permitting exports of locally manufactured textile products to qualify for the Duty Credit Scheme. 2.2 Private enterprise governed incentive schemes Certain local producers of primary products make export incentives available to the secondary manufacturing industry to promote the usage of their product for transformation into value added products for export. The incentives are usually subject to product availability and ruling international market conditions. These incentives may be offered either on an ad-hoc, project or ongoing basis. The list below encompasses the schemes commonly available to exporters. 2.2.1 Carbon Steel Products: Various forms of incentives are on offer (on a continuous or ad-hoc basis) from primary steel producers and institutions such as: a) The Committee for Secondary Manufacture, generally known as “COSM” (under the auspices of the South African Iron and Steel Institute) b) The Institute for Steel Fabricators (ISF) in collaboration with the Institute for Steel Construction (ISC) c) Mittal Steel SA Ltd d) Highveld Steel and Vanadium e) Scaw Metals The objectives of the incentive schemes boil down to the following: a) Development of local industry focusing on secondary transformation of steel products destined for foreign markets. b) To promote the usage of locally produced primary steel products by the secondary manufacturing industry involved in the exportation of value added steel products. 2.2.2 Chrome bearing or Stainless Steel Incentives are sponsored by Columbus Stainless Steel 2.2.3 Aluminium Huletts Aluminium offer incentives on the following broad product categories - aluminium alloy for castings - aluminium extrusions (for secondary manufacturing) - aluminium rolled sheet products (for secondary manufacturing)
3.	Services Rendered by SBC As mentioned in the introductory paragraph, the service rendered by SBC in regard to export incentives is designed to make a meaningful contribution to the feasibility of an enterprise’s exports. This is achieved by rendering a fully comprehensive service, enabling management to concentrate on the running of their business, whilst we operate alongside them dedicated to the acquirement of the incentive benefits. Since we are focused on this task, which is our core business, we are self motivated to perform. Our reward for services rendered can be arranged according to either one, or a combination, of the following methods: a) An agreed upon percentage of the financial benefit which the exporter/beneficiary has gained, or stand to gain. b) A Retainer Our policy is also not to burden the exporter/beneficiary with a fixed cost element in the event of sporadic interruptions in its export programme. We claim to render the service on a proficient and cost effective basis on the grounds of specific knowledge and expertise gained over some 37 years exposure to the steel industry, followed by specialising in incentive schemes of a diverse nature since 1994; covering steel as well As other sectors of the local industry. The service in question embraces the following key actions: Give advice on incentive schemes available for the particular line of business Register the enterprise as an exporter and for participation in the relevant incentive Apply for a price concession/permit/certificate/etc in congruence with the stipulations of the chosen scheme Submit guidelines with regard to - export procedures to be adhered to in order to comply with the scheme rules; - documentation required for claiming purposes Prepare claims in compliance with the scheme rules. Register claims. Monitor claim status. Compare incentive payment with amount claimed, verify any variances. Where applicable, collect incentive cheques and deliver to exporter/beneficiary.. Ensure that electronic transfers have been effected.
4.	Fees SBC’s service fee is negotiable and is structured using the percentage and/or retainer system mentioned under 3 above, as the basis to arrive at a sensible arrangement. Circumstances typically vary from one business enterprise to another and the variables having a material effect on the workload associated with claims administration, consequently also vary. The fee is furthermore a function of the export volumes. These factors need to be properly evaluated in the process of fee determination. The exporter/beneficiary is invoiced for services rendered by SBC in accordance with the agreed upon fee structure and conditions.
5.	Closing Remark Should further information be needed, please contact us via phone or e-mail. Yours Faithfully SAREL R.S. BARNARD