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Customs

Carbon Fuel Levy Note Amendment

Publish Date: 
02 Apr 2024

On 28 March 2023, the South African Revenue Service (SARS) informed, with retrospective effect from 01 January 2024, of the amendment of Part 5A of Schedule No.1 to the Customs and Excise Act, 1964 by the substitution of Notes 7(a)(vi) and b(vi) in order to change the density factors for the calculation of the carbon fuel levy from 0.75 to 0.7405 kilogram per litre for petrol and from 0.0845 to 0.8255 kilogram per litre for diesel to give effect to the Budget proposals announced by the Finance Minister on 21 February 2024.

The substitution of Note 7(a)(vi) in Section A to Part 5 of Schedule No.1 to the Act, 1964 with the following:

(vi) "D" represents the density factor of diesel of 0.8255 kilogram per litre.

The substitution of Note 7(b)(vi) in Section A to Part 5 of Schedule No.1 to the Act 1964 with the following:

(vi) "D" represents the density factor of diesel of 0.8255 kilogram per litre.

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