On 18 October the International Trade Administration Commission of South Africa (Itac) called for comment on the review of rebate item 316.01/8415.90/02.06 in Part 1 of Schedule No 3 to the Customs and Excise Act, 1964 “Industrial Rebates of Customs Duties - Goods used in the Manufacture of Other Goods”, which reads “Air conditioning machines, having a rated cooling capacity exceeding 3 kW, incomplete or unassembled, for the manufacture of air conditioning machines identifiable for use in heavy vehicles as defined in Note 1 to rebate item 317.07.”
The application was lodged by Itac who reasoned that the review was to assess the impact of a revised rebate item given that the industry had evolved significantly since its implementation in 2001; and to align the rebate provision with the tariff structure and industry capabilities where applicable.
Comment is due by 15 November.
Story by: Riaan de Lange