ANNOUNCEMENT 11 Apr 2016In April 2016, the members of SACU announced a change in import duties.
NUMBER OF INTERVENTIONS
South Africa Revenue Service (SARS), Government Gazette No. 39915, No. R.419 of 11 April 2016
Available at: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2016-21%20-%20Notice%20R419%20GG%2039915%2011%20April%202016.pdf
On 11 April 2016, South African Revenue Service (SARS) reduced the import tariff on beet and cane sugar (HS 1701.12, 1701.13, 1701.14 and 1701.91) from Rand 245.4/kg (approx. USD 0.16 per kg) to 239.5/kg (approx. USD 0.16 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 5 August 2016, the import tariff was further reduced to Rand 144.33c/kg (approx. USD 0.11 per kg), see related measure.