ANNOUNCEMENT 16 Sep 2016

In September 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. 40282 No. R.1059 of 16 September 2016: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2016-40%20-%20Notice%20R1059%20GG40282%20Sch1P1%2016%20September%202016.pdf


Inception date: 16 Sep 2016 | Removal date: 10 Feb 2017
Still in force

Import tariff

On 16 September 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 144.33c/kg (approx. USD 0.11 per kg) to 31.89c/kg (approx. USD 0.02 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.

AFFECTED SECTORS