ANNOUNCED AS TEMPORARYNo
On 16 September 2016, the South African Revenue Service (SARS) further reduced the import tariff on beet and cane sugar (HS 1701.12, 1701.13, 1701.14 and 1701.91) from Rand 144.33c/kg (approx. USD 0.11 per kg) to 31.89c/kg (approx. USD 0.02 per 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.
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