South Africa Raises Tariffs on Beet and Cane Sugar
South Africa recently raised its tariff on beet and cane sugar to 4.0179 ZAR ($0.28) per kilogram, according to a notice in its Government Gazette. The tariff increase applies to subheadings 1701.12, 1701.13, 1701.14, 1701.91 and 1701.99.The tariff had been…
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3.6957 ZAR ($0.26) per kilogram since December. "The SARS uses a variable tariff formula in order to adjust the import duty to a dollar-based reference price (DBRP)," Global Trade Alert said in a note on the tariff increase. "The DBRP represents the lowest duty-free price an importer pays in order to import goods to the Southern African Customs Union (SACU). In case the price dips below the DBRP, a duty is levied."