Modern Quarrying Q3 2019

The diesel rebate was designed to protect local industries against international competition and to provide relief to consumers who do not necessarily use roads.

DIESEL REBATES

PUTTING YOUR DIESEL REBATE HOUSE IN ORDER

T l he South African Revenue Services’ (SARS) diesel rebate audits can be daunting. According to Andrew Hancock, consultant at CustomEx, a company that specialises in helping industry address diesel rebate claims, most businesses are losing out on potential cash backs because of non- compliant records, and for mines and quarries in particular, this can rocket into millions of rands. The diesel rebate was designed to protect local industries against interna- tional competition and to provide relief to consumers who do not necessarily

In recent years, several quarries have been audited for their diesel rebate systems and their refund claims have been disallowed mainly because their record-keeping has been found wanting. To maximise claim eligibility, quarry managers need to improve their level of compliant logging and adherence to the relevant legislation, writes Munesu Shoko .

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MODERN QUARRYING QUARTER 3 - 2019