Itac on 16 November announced the substitution of safeguard items 260.03/72.08/01.04, 260.03/7225.30/01.06, 260.03/7225.99/01.06 and 260.03/7226.99/01.06, in terms of Part 3 of Schedule No 2 to the Act, 1964, ”Anti-dumping, Countervailing and Safeguard Duties on Imported Goods - Safeguard Duties on Imported Goods”, to exclude various rebate items 460.15 subject to safeguard duty on certain flat steel used in the automotive industry.
Two safeguard duties were published, the first for introduction from 16 November 2018 up to and including 10 August 2019, and the second from 11 August 2019 up to and including 10 August 2020.
The reasoning for move can be found in the Itac Report No 590.