Importers of palm oil into South Africa can expect a tax rebate following a successful trade investigation conducted by the International Trade Administration Commission Itac.
The rebate applies to palm oil used in making cooking oils, soaps and organic surface-active products, says Tonderai Chibasa, manager of the Tariff and Trade Remedies business unit at XA Global Trade Advisors.
The investigation took 371 days to complete and was first initiated on August 2, 2024, after consumer goods company Unilever argued that palm oil is an essential raw material in its manufacturing process.