The South African Revenue Service (Sars) on 28 March 2014 announced the following tariff amendments, effective on 02 April 2014, which were announced by the Minister in his 2014 Budget Review on 26 February 2014.
Schedule No. 6 Part 3 to the Customs and Excise Act (Act), the implementation of the adjusted diesel concessions. The amendments relate to the substitution of Noted 6(b)(i), 6(b)(ii)(gg), 6(b)(ii)(bb), 6(b)(iv) and 6(b)(v).
Schedule No.1 Part 5B to the Act, the increase in the Road Accident Fund (RAF) levy on both petrol and diesel from 96c/litre to 104c/litre. (GG 37462, R.196)
Schedule No.1 Part 5A to the Act, the increase in the rate of fuel levy from 212.5c/litre to 224.5c/litre and 197.5c/litre to 209.5c/litre on petrol and diesel respectively. The rate of fuel levy on biodiesel as specified in Additional Note 1(a) to Chapter 38 is 104.75c/litre. (GG 37462, R.195)