Examples of Secondhand goods in a sentence
Example: Direct Export (Second-hand goods) Smart Gallery buys a second-hand painting for R 11 400 from a non-vendor and claims a notional input tax credit of R 1 400 (R 11 400 x 14/114).
Example: Indirect Export (Second-hand goods) Assume the same facts as in the previous example, except that Mr Moss collects the painting in South Africa and exports it himself.
B- BBEE Verification Certificate from Accredited verification agency• CSD registration doc• Second-hand goods act certificate from SAPS/License• CIPRO Registration Documents• Shareholding information• Letter of good standing with COID or insurance body.
Paragraph 61 formerly read: Second-hand goods, viz— (1) plant, machinery or equipment which has been used as such by a person in the ordinary course of his business and is leased by him, or by the grantee of a Bill of Sale of which that person was the grantor, or by any trustee in whom the ownership of that business becomes vested or who becomes entitled to the possession, management or control of that business or of the goods of that business.
Secondhand goods are sold “as is”, and DNOW will use reasonable endeavors to specify that such goods are secondhand in the applicable order and shall provide such information upon NOV’s request.