ANNOUNCEMENT 21 Dec 2018
The South African Revenue Service (SARS) decreased the import tariff on beet and cane sugar.
NUMBER OF INTERVENTIONS
South Africa Revenue Service (SARS), Government Gazette No. 42131 No. R.1422 of 21 December 2018. Available at: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2018-81%20-%20Notice%20R1422%20GG%2042131%20Sch%201%20Part%201%20(SUGAR)%20-%2021%20December%202018.pdf
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
On 21 December 2018, the South African Revenue Service (SARS) has adopted Notice 1422 decreasing the import tariff on beet and cane sugar from ZAR 460.68 c/kg (approx. USD 0.32 per kilogramme) to ZAR 369.57 c/kg (approx. USD 0.26 per kilogramme). 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.