On 02 December SARS announced the insertion of rebate provisions (rebate items) for the importation of flat-rolled steel products of iron or non-alloy steel. The tariff amendments are in respect of Part 2 “Temporary Rebates of Customs Duties” of Schedule No 4 to the Act, 1964 “General Rebates of Customs Duties, Fuel Levy and Environmental Levy” by the insertion of rebate items 460.15/7210.61/01.06 and 460.15/7210.70/01.06 for which the extent of rebate is full duty.
The rebate items read:
460.15/7210.61/01.06 “Flat rolled products of iron or non-alloy steel, of a width of 600 mm or more, plated or coated with aluminium-zinc alloys, in such quantities, at such times and subject to such conditions as the International Trade Administration Commission may allow by specific permit, provided the products are not available in the Sacu market.”
460.15/7210.70/01.06 “Flat rolled products of iron or non-alloy steel, of a width of 600 mm or more, painted, varnished or coated with plastics, in such quantities, at such times and subject to such conditions as the International Trade Administration Commission may allow by specific permit, provided the products are not available in the Sacu market.” The extent of rebate is full duty.
The reasoning for the increase in the rates of customs duty is contained in report no.532 of Itac