ANNOUNCEMENT 27 Feb 2015

In February 2015, the members of SACU announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 27 Feb 2015 | Removal date: 29 May 2015

Import tariff

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.

Update
On 29 May 2015 the import tariff was increased to to Rand 242.6/kg (approx. USD 0,199/kg), see related measure.

AFFECTED SECTORS