Itac on 18 May 2018 announced the substitution of safeguard item 260.03/7225.99/01.06 to exclude rebate item 460.15/7225.99/01.06 in order to exclude certain hot-rolled steel plates from being subject to safeguard duty, retrospectively from 18 May 2018 up to and including 10 August 2018. This is the first of three notices, the second with effect from 11 August 2018 up to and including 10 August 2019, and the third with effect from 11 August 2019 up to and including 10 August 2020.
There was also a notice for the amendment of rebate item 460.15/7225.99/01.06 in order to create a rebate facility, on 18 May, on certain hot-rolled steel plates.
The reasoning is contained in Itac Report No 575.
