Section 4: Validity of certificates
consolidated text (as at 1991). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
4. Validity of certificates
(1) A certificate shall be accepted at its face value in payment of an
amount due or payable to Government in respect of a tax specified in the
Second Schedule or which the President may, by Proclamation, add to the
Second Schedule.
(2) (a) Where the face value of a certificate tendered in payment under
subsection (1) exceeds the amount of the tax payable, the balance outstanding shall be endorsed on the certificate in multiples of 50 rupees.
(b) Where there is a balance outstanding of less than 50 rupees, the
Accountant-General shall pay the amount of the balance to the purchaser.
(c) Where a certificate has been endorsed under paragraph (a), the
face value of the certificate shall be the amount so endorsed.
[S. 4 amended by Act 48 of 1991.]