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Investigations by The Herald indicate that before the new duty regime, ZIMRA was making over $100 000 on car imports at Manica transit shed a day, but the figure has declined to around $30 000. A modest vehicle costs between $3 000 and $4 000 at dealerships on the South African side of the border and attracts import duty of the same amount.

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Some used mining equipment was sold for $30 000 to some indigenous miners. Due to the boom in the mining sector the company began to speculate in claims and by the end of the year they had sold three of the registered claims for a total amount of $260 000.

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A uniform royalty rate of 2.5% to apply on export of platinum by mining houses operating on a special lease and ordinary mining license. VAT on capital equipment resulting from policy change. ZIMRA to assume control of the administration of border posts in preparation for the set-up of the National Ports Authority.

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THE Zimbabwe Revenue Authority (Zimra) has shut down a Chinese blanket manufacturing firm, Veleez, for circumventing their duty and tax obligations. Chinese firms are reportedly dodging Zimra in paying duty by putting the wrong tariff codes, undervaluing goods, and understating the quantity of goods.

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The mining index lost 3,62 percent to close at 132,28 points. Market capitalization stood at $14 billion while market turnover amounted to $3,5 million. Beverage maker, Delta

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What is mining? Mongabay. What is mining? Mining is the extraction (removal) of minerals and metals from earth. . An example of a large scale mine is the Serra Pelada mine in Brazil which yielded 29,000 tons of gold from 1980 to 1986 and employed 50,000 workers (Kricher, 1997). .

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