IMPLEMENTATION LEVEL
SupranationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoOn 26 September 2014, South African Revenue Service (SARS) increased the import duty on beet and cane sugar (HS 1701.12, 1701.13, 1701.14, 1701.91, 1701.99) from 92.6c/kg (approx. USD 0.087 per kg) to 142.5c/kg (approx. US$ 0.129/kg).
The SARS uses a variable tariff formula in order to adjust the import duty to a dollar-based reference price (DBRP). The DBRP represents the lowest duty-free price an importer pays in order to import goods the Southern African Customs Union (SACU). In case the price dips below the DBRP, a duty is levied.
Update
On27 February 2015 the import tariff was increased to 207.1c/kg (approx. US$ 0.174/kg), see related measure.
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