ANNOUNCEMENT 27 Jun 2014

In June 2014, the members of SACU announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 27 Jun 2014 | Removal date: 26 Sep 2014

Import tariff

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.
 
Update
On 26 September 2014 the import tariff was increased to 142.5c/kg (approx. US$ 0.129/kg), see related measure. 

AFFECTED SECTORS