The Department of Trade and Industry (the dti) on 08 December published its eight-page “Guidelines, rules and conditions pertaining to permits issued under rebate item 460.17/87.03/04.04 for vintage and/or internationally collectable motor vehicles not imported for conventional/domestic daily transportation use or purposes classifiable under tariff heading 87.03”.
Rebate item 460.17/87.03/04.04 of Schedule No 4, Part 2 of the 1964 Act makes provision for a rebate of the full duty on the: “Importation of motor cars and other motor vehicles principally designed for the transport of persons (excluding commercial vehicles or buses) including station wagons and racing cars classifiable under tariff subheading 87.03, which were manufactured 40 years or more prior to the date of importation or such motor cars of any age which is determined to be an international collector’s vehicle and subject to the issuing of the an Itac import permit (and subject to import control conditions) authorising the importation of the particular vehicle under such conditions as Itac may allow by specific rebate permit.”