ANNOUNCEMENT 24 Dec 2020
On 24 December 2020, the South African Revenue Service (SARS) increased the import duty on acrylic resins.
NUMBER OF INTERVENTIONS
South Africa Revenue Service (SARS), Government Gazette No. 44029 of 24 December 2020, Notice R.1408. Available at: https://www.sars.gov.za/AllDocs/Embargo/Tariffs/LSec-CE-TA-2020-66%20-%20Notice%20R1406%20GG44029%20Schedule%201P1%20acrylic%20resins%2024%20December%202020.pdf
On 24 December 2020, the South African Revenue Service (SARS) issued Notice R.1408 making an amendment in the import regime by inserting tariff subheadings 3208.20.20, 3906.90.30, and 3906.90.40 into Part 1 of Schedule No. 1. The amendment is made in order to increase the rate of customs duty on acrylic resins to 15%.
Previously, the effective import duty on the subject products was ‘free’ and 10%.