ANNOUNCEMENT 11 Apr 2016

In April 2016, the members of SACU announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



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


Inception date: 11 Apr 2016 | Removal date: 10 Aug 2016

Import tariff

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.

AFFECTED SECTORS