ANNOUNCEMENT 27 Jun 2014In June 2014, the members of SACU announced a change in import duties.
NUMBER OF INTERVENTIONS
SARS Notice R.501, Government Gazette No.37780, 27 June 2014: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2014-27%20-%20Notice%20R501%20GG%2037780%2027%20June%202014.pdf
On 27 June 2014, South African Revenue Service (SARS) reduced the import tariff on beet and cane sugar (HS 1701.12, 1701.13, 1701.14, 1701.91, 1701.99) from 132c/kg (approx. USD 0.125 per kg) to 92.6c/kg (approx. USD 0.087 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.
On 26 September 2014 the import tariff was increased to 142.5c/kg (approx. US$ 0.129/kg), see related measure.