SARS-88 — Customs penalty — undervaluation of goods

SARS customs penalty for deliberate or negligent undervaluation of imported goods. SARS may apply penalty of 10-200% of the underpaid duties plus interest.

Resolution Steps

["Pay underpaid duties plus penalty","Submit voluntary disclosure if applicable","Engage customs attorney","Implement customs valuation compliance program","Obtain advance ruling on valuation method"]

Authority: SARS

Typical Delay: 90 days