Modern Quarrying Q3 2019

that are eligible for rebate claim and those activities that are non-eligible. The law then allows 80% of that eligible usage to be rebated at the respective rate per litre. The rate per litre is updated every year in early April. From April 3 2019 the applicable rate of rebate is R3,327 per eligible litre,” explains Hancock. The legislation also specifies the industries and the activities that apply in order to make a compliant claim. The emphasis is on the activity description and usage for that. Eligible “users” are specified as follows: Onland (Mining/Quarrying); Forestry; Farming; Commercial Fishing; Coastwise shipping; Offshore Mining; National Sea Rescue Institute; Rail freight; and Electricity Generation (Plants Specified). To qualify for the diesel rebate, an operation must be registered for VAT and for the diesel rebate in terms of the Customs and Excise Act. To qualify for the rebate and to be able to claim it back, the operation must be able to prove and calculate the amount of lawful consumption in terms of Schedule 6 to the Customs and Excise Act. The schedule lists the activities that qualify for the rebate, as well as how diesel usage must be recorded. The rebate is regarded as a ‘provisional concession’ until the quarry can prove reasonably that the diesel was used lawfully. “Frequency of your claim ties in with the submission of your VAT return for your business. As a defined user, you would need to be registered for VAT purposes with sub registration for diesel rebate purposes,” explains Hancock.

DIESEL REBATES

Legislation allows certain industry sectors to recover Fuel Levy and Road Accident Levy from diesel purchases in accordance with certain legislated parameters.

Significance of compliance The significance of compliance to maximise the potential for successful diesel rebate claims is enormous. Hancock is of the view that, with the right guidance, compliance is easier than many expect. “Addressing these issues prior to a diesel audit allows time to align your record keeping

Monitor performance of a primary or mobile crusher or screener Monitor of stock–piles Utilization of mobile machines Track production output Maximize the use of raw materials

Much more than only a scale! Industry leading reporting tools, available on your web browser More accurate overall

www.loadtech.co.za email: sales@loadtech.co.za Tel: 012 661 0830

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MODERN QUARRYING QUARTER 3 - 2019