ANNOUNCEMENT 05 Oct 2018
The South African Revenue Service (SARS) increased the import tariff on beet and cane sugar.
NUMBER OF INTERVENTIONS
South Africa Revenue Service (SARS), Government Gazette No. 41960 No. R.1081 of 5 October 2018. Available at: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2018-72-%20Notice%20R1081%20GG%2041960%20Schedule%201%20Part%201%20-%205%20October%202018.pdf
South Africa Revenue Service (SARS), Government Gazette No. 41818 No. R.798 of 3 August 2018. Available at: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2018-46%20-%20Notice%20R798%20GG41818%20Schedule%201P1%206-5-2018-33%20(Sugar)%20(Eng)%20-%203%20August%202018.pdf
On 5 October 2018, the South African Revenue Service (SARS) adopted Notice 1081 increasing the import tariff on beet and cane sugar from 419.52 c/kg (approx. USD 0.28 per kg) to 460.68 c/kg (approx. USD 0.31 per Kg). Beet and cane sugar goods fall under the following HS code subheadings: 1701.12, 1701.13, 1701.14, 1701.91 and 1701.99.
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 to the Southern African Customs Union (SACU). In case the price dips below the DBRP, a duty is levied.