Cape Town - The South African Revenue Service (SARS) seized a Ferrari that was being smuggled into the country, it announced on Wednesday.

SARS said the luxury vehicle worth an estimated R13.8m was stored at a bonded warehouse in South Africa since 2014.

"When it was first brought into the country, the owner failed to follow correct import procedures including paying the necessary customs duties and VAT. As a result, the vehicle stayed in a bonded warehouse for three years because the owner could not finalise the required customs processes."

