Section 50 - Amendment of Act 52 of 1962 - Finance Act, 1986

50. Amendment of Act 52 of 1962 In section 16 of the Customs Act, for sub-section (1), the following sub-section shall be substituted, namely:- (1) The rate of duty and tariff valuation, if any, applicable to any export goods, shall be the rate and valuation in force,- (a) in the case of goods entered for export under section 50, on the date on which the proper officer makes an order permitting clearance and loading of the goods for exportation under section 51; (b) in the case of any other goods, on the date of payment of duty. .