ANNOUNCEMENT 27 Feb 2015In February 2015, the members of SACU announced a change in import duties.
NUMBER OF INTERVENTIONS
SARS Notice R. 173, Government Gazette No.38514, 27 February 2015: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2015-06%20-%20Notice%20R173%20GG%2038514%2027%20February%202015.pdf
On 27 February 2015, South African Revenue Service (SARS) increased the import tariff on beet and cane sugar (HS 1701.12, 1701.13, 1701.14, 1701.91, 1701.99) from 142.5c/kg (approx. US$ 0.129/kg) to 207.1c/kg (approx. US$ 0.174/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 29 May 2015 the import tariff was increased to to Rand 242.6/kg (approx. USD 0,199/kg), see related measure.