ANNOUNCEMENT 16 Sep 2016In September 2016, the members of SACU announced a change in import duties.
NUMBER OF INTERVENTIONS
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
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.