The South African Revenue Service (SARS) has announced the seizure of goods worth an estimated R245 million
The South African Revenue Service (SARS) has announced the seizure of goods worth an estimated R245 million following a targeted operation against illicit trade and related non-compliance in Rustenburg, Brits, Marikana and Hartbeespoort.
The revenue service said the intelligence-driven operation, conducted between 25 and 30 May in partnership with law enforcement agencies and other stakeholders, resulted in the confiscation of 174 814 items, the seizure of R118 430 in cash, and the identification of 30 entities for further tax profiling and investigation.
"The estimated value of confiscated goods is R245 million. These outcomes demonstrate SARS’s continued focus on protecting the economy, disrupting illicit trade, and strengthening customs and tax compliance," the revenue service said.
The operation comes as the government steps up efforts to combat illicit trade and protect local industries from the growing threat of illegal and counterfeit goods.
