On 10 August Itac announced amendments to safeguard items 260.03/72.08/01.04, and 260.03/7225.40/01.06 to exclude certain hot-rolled steel plates and hot-rolled steel coils from rebate items 460.15/7208.36/01.06 to 460.15/7208.37/01.06; 460.15/7208.5/13.05 to 460.15/7208.5/17.05; and 460.15/7225.40/15.06 to 460.15/7225.40/18.06 from safeguard duty.
The first amendment is from 10 August 2018 up to and including 10 August 2018, the second from 11 August 2018 up to and including 10 August 2019, and the third from 11 August 2019 up to and including 10 August 2020.
Itac also announced the insertion of various rebate items applicable to tariff heading 72.08 and tariff subheading 7225.40 respectively in order to create a rebate facility on certain hot-rolled steel plates and hot-rolled steel coils.
The reasoning is contained in Itac report no. 583.
