ANNOUNCEMENT 26 Sep 2014

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



SARS Notice R.743, Government Gazette No.38027, 26 September 2014: http://www.sars.gov.za/AllDocs/LegalDoclib/SecLegis/LAPD-LSec-CE-TA-2014-40%20-%20Notice%20R743%20GG38027%2026%20September%202014.pdf


Inception date: 26 Sep 2014 | Removal date: 25 Feb 2015

Import tariff

On 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.

AFFECTED SECTORS

 
235

AFFECTED PRODUCTS

 
170112 170113 170114 170199