The South African Revenue Services has launched a public consultation on Draft amendments to rules under sections 40, 41 and 120 of the Customs and Excise Act, 1964, which includes the insertion of rules under sections 40 and 41 relating to the manner in which bills of entry may be adjusted where the customs value declared is affected by transfer pricing adjustments. Draft rules have been inserted under sections 40 and 41 to explain how to adjust bills of entry where customs value declared i…