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Stamp Duties Act, 1968 (Act No. 77 of 1968)

Regulations regarding the Demonetization of the issue of Adhesive Revenue and Penalty Stamps

 

Date: 29 November 1996

 

REGULATIONS REGARDING THE DEMONETIZATION OF THE ISSUE OF ADHESIVE REVENUE AND PENALTY STAMPS ISSUED BY THE FORMER REPUBLICS OF TRANSKEI, BOPHUTHATSWANA, VENDA AND CISKEI

 

I, Trevor Andrew Manuel, Minister of Finance, acting under section 33 of the Stamp Duties Act, 1968 (Act No. 77 of 1968), hereby make the Regulations set out in the Schedule hereto.

 

SCHEDULE

 

(1) In these regulations any expression defined in the Stamp Duties Act, 1968 (Act No. 77 of 1968), shall bear the meaning so assigned to it, and—

 

"TBVC series" means any series of stamps approved for use and issued in any of the territories of the former Republics of Transkei, Bophuthatswana, Venda and Ciskei in terms of a law repealed in terms of section 41(1) of the Taxation Laws Amendment Act, 1994 (Act No. 20 of 1994); and

 

"the Act" means the Stamp Duties Act, 1968 (Act No. 77 of 1968).

 

(2) All adhesive revenue and penalty stamps of the TBVC series shall be demonetized with effect from 1 December 1996.at date such stamps shall not be valid or available for the payment of stamp duties or fees, or for any purpose other than the purpose of refund as provided in section 32 of the Act, read with paragraph 3 of this Schedule.

 

(3) The value of unused stamps of the TBVC series will be refunded in accordance with the following provisions:
(a) Any application for such refund shall be made by the holder concerned on form Revenue 17, which is obtainable from any revenue office, and tendered to any Receiver of Revenue.
(b) Any such application shall be made within the period prescribed in section 32(1)(d) of the Act, namely, within one year after the date on which the stamps in question have been rendered obsolete by demonetization, which date is, in terms of paragraph 2 above, 1 December 1996. The saiexpire on 30 November 1997 and applications made after that date shall not be granted.
(c) The stamps in question shall accompany all applications and shall be surrendered intact.The face and gum shall be undamaged, and the stamps shall not be passed on the application form or any other paper or material.
(d) If the Receiver of Revenue concerned is satisfied that any such application accords with the provisions of these regulations, that the stamps are genuine and unused, and that they were lawfully acquired by the applicant in question, he shall make a refund to the applicant of the value of the stamps so surrendered to him.

 

(4) Any Receiver of Revenue receiving any application in terms of paragraph 3 of this Schedule may, for the purpose of satisfying himself that the stamps presented for refund have been lawfully acquired and that statements made in connection with any such application are correct, require any applicant to furnish him, in the form of an affidavit or otherwise, with such proof of any fact contained in any such statement as he may deem necessary.

 

(5) These regulations shall apply only to the ordinary adhesive revenue and penalty stamps of the former Republics of Transkei, Bophuthatswana, Venda and Ciskei, and nothing herein contained shall affect or apply to revenue stamps over-printed for special purposes, such as for consular service.