ANNOUNCEMENT 05 Aug 2016

In August 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. 40190, No. R.900 of 5 August 2016: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2016-34%20%20-%20Notice%20R900%20GG40190%20Sch1P1%20Sugar%205%20August%202016.pdf


Inception date: 05 Aug 2016 | Removal date: 04 Sep 2016

Import tariff

On 5 August 2016, the South African Revenue Service (SARS) further reduced the import tariff on beet and cane sugar (HS 1701.12, 1701.13, 1701.14 and 1701.91) from Rand 239.5/kg (approx. USD 0.16 per kg) to 144.33c/kg (approx. USD 0.11 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.
16 September 2016, the import tariff was further reduced to Rand 31.89c/kg (approx. USD 0.02 per kg), see related measure.

AFFECTED SECTORS