On 10 August Itac announced amendments to safeguard items 260.03/72.08/01.04, 260.03/7225.40/01.06 and 260.03/7225.99/01.06 to exclude certain hot-rolled steel plates in rebate items 460.15/7208.5/08.05 to 460.15/7208.5/12.05; 460.15/7225.40/10.06 to 460.15/7225.40/14.06 and rebate item 460.15/7225.99/02.06 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, tariff subheadings 7225.40 and 7225.99 respectively in order to create a rebate facility on certain hot-rolled steel plates.
The reasoning is contained in Itac report no. 582.