ZIMBABWE

CUSTOM AND EXCISE

Refunds

Zimbabwe's Customs and Excise Regulations are based on international regulations. If the investor familiarizes himself with them, a wide range of drawbacks and rebates is available.

It is recommended that the investor should consult and register with the Department if Customs prior to the commencement of importation for any new project as rebate or refund against duty paid are not always automatic.

Customs Export Drawback

Export drawback refunds may be claimed when goods that qualify are exported from Zimbabwe.

Qualifying Goods

These are defined as any goods exported unused against which import dues being customs duty, surtax and import tax were originally paid. This includes goods processed or manufactured in Zimbabwe, which contain imported materials against which the import dues were raised.

Types of Drawback

• Same state drawback, which covers claims for import dues paid against goods that are exported in the same state and condition as originally imported; and
• Industrial drawback, which covers claims for the import dues paid on ingredients, parts, components and such items contained in products manufactured for export. The drawback is paid when the products resulting from these operations are exported unused.

Inward Processing Rebates

There are rebates available in the form of a double deduction of export market development expenses that apply to the processing or repair of imported goods for export.

There are a number of qualifying conditions and application procedures to be followed in order to take best advantage of these rebates.

Commercial Vehicle Rebates

Anyone investing in the assembly of commercial motor vehicles may apply for a rebate of duty in respect of component parts imported or removed from bond warehouses for use in the assembly of commercial motor vehicles.