On 16 November Itac announced the insertion of various rebate items classifiable under rebate item 460.15 in terms of Part 2 of Schedule No 4 to the Act, 1964, “General Rebates of Customs Duties, Fuel Levy and Environmental Levy” in order to create a rebate facility on certain flat steel used in the automotive industry
The reasoning for the move can be found in the Itac Report No.590.