On 13 July the South African Revenue Service (Sars) announced an unprecedented fourth amendment for the year to date of the variable formula tariff on wheat and wheaten flour. The previous tariff amendments were on 25 May 2018 (an increase), 21 May 2018 (a reduction), and 06 April 2018 (a reduction).
The recent amendment is for the reduction in the rate of customs duty of tariff subheadings 1001.91 (Seed) and 1001.99 (Other) from 43.72c/kg to 28.17c/kg, and of 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)) and 1101.00.90 (Other) from 65.59c/kg to 42.26c/kg, in terms of the existing variable tariff formula.
The reason for the reduction can be found in the International Trade Administration Commission of South Africa (Itac) Minute 07/2018.