Sars on 15 February announced an increase in the rate of customs duty on sugar, classifiable in tariff subheadings 1701.12 (beet sugar), 1701.13 (cane sugar specified in subheading note 2 to this chapter), 1701.14 (other cane sugar), 1701.91 (containing added flavouring or colouring matter), and 1701.99 (other), from 369.57c/kg to 401.79c/kg, in terms of the existing variable tariff formula, in Part 1 of Schedule No 1 to the Act, 1964.
The reasoning for the increase in the rate of customs duty is contained in Itac Minute M13/2018.
Story by: Riaan de Lange