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

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

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 ...

The crash of the Nigerian currency, the naira has led to an adjustment of Customs foreign exchange rate for cargo clearance ...

Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the ...

India plans to impose retaliatory customs duties on EU steel imports due to trade losses from EUs safeguard measures, ...

Govt on Friday increased import duty on edible oils by 20% amid domestic industry players flagging that cheaper imports have ...

Union Minister Shivraj Singh Chouhan states that the new 20% import duty on edible oils will enhance prices for domestic ...

In a communication to the World Trade Organisation (WTO), India said that it has proposed suspension of concessions will take the form of an increase in tariffs on selected products originating in the ...

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 has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday ...