On 30 March the South African Revenue Service (Sars) announced an increase in the ‘General’ rate of customs duty, in Part 1 of Schedule No.1 of the Customs and Excise Act, 1964 ‘Ordinary Customs Duty’ on polyethylene terephthalate classifiable in tariff subheadings 3907.61.10 (Liquids and pastes) and 3907.69.10 (Liquids and pastes) from free of duty to 15% ad valorem; and tariff subheadings 3907.61.90 (Other) and 3907.69.90 (Other) from 10% ad valorem to 15% ad valorem.
The implementation date is 30 March and the reasoning is contained in the International Trade Administration Commission of South Africa (Itac) Report No. 610.
Story by: Riaan de Lange
