On 31 August Sars announced an amendment to Part 2 of Schedule No.4 to the Act by the insertion of Rebate Items 460.15/7208.51/01.06 and 460.15/7225.40/19.06 in order to create a rebate facility on certain hot-rolled carbon steel plates classifiable in tariff subheadings 720851 and 7225.40.
The reasoning for the rebate amendment is contained in the International Trade Administration Commission of South Africa (Itac) Report No.585.