On 02 March the South African Revenue Service (Sars) announced a reduction in the variable tariff formula in Part 1 of Schedule No.1 to the Customs and Excise Act No.91 of 1964 of the tariff subheadings 1001.91 (Seed) and 1001.99 (Other) from 77.62c/kg to 51.66c/kg, and tariff subheadings 1101.00.10 (Brown wheaten meal produced by the milling of whole grains (the bran, germ and endosperm) (excluding separated wheat bran, separated wheat germ or separated wheat semolina or endosperm)), 1101.00.20 (Cake wheat flour as defined in Additional Note 1(a) to Chapter 11), 1101.00.30 (White bread wheat flour as defined in Additional Note 1(a) to Chapter 11), and 1101.00.90 (Other) from 116.44c/kg to 77.49c/kg.
The reasoning for the tariff amendment is contained in the International Trade Administration Commission of South Africa (ITAC) Minute 13/2019.
Story by: Riaan de Lange