Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars.

South Africa's textile industry plays a significant role in the country's economy, contributing to job creation, economic ...

The leading associations were instructed to ensure that the Maximum Retail Price (MRP) of edible oils remains stable until ...

In a significant move aimed at bolstering local businesses and streamlining the customs process, Sars has increased customs ...

"Now we have decided that soybean or any other edible oil will attract an import duty of 20 percent, and with additional cess ...

This directive follows a significant increase in BCD on various edible oils, aiming to support local agriculture and ...

It also hiked the import duty on refined palm oils, refined sunflower oils and refined soyabean oils to 32.5 per cent from 12 ...

India’s import of palm and sunflower oil have increased over 30 percent in volume in the first six months of the year ...

New Delhi: The government of India has met with the representatives of the edible oil associations to discuss the pricing ...

In a statement, Union Minister of Agriculture Shivraj Singh Chouhan said the Government had taken a decision to “increase ...

India plans retaliatory customs duties on EU steel imports due to trade losses, highlighting ongoing trade tensions under WTO ...

The tax hike is expected to drive up edible oil prices, which could suppress consumer demand and subsequently reduce imports ...