Customs

Iron or Steel Product Tariff Increase

Sars on 01 September announced an increase in the ‘General’ rate of customs duty on “The links which are manufactured from round section iron or steel wire, bars or rods of a diameter of less than 4 mm” (tariff subheading 7315.82.01); “The links which are manufactured from round section iron or steel wire, bars or rods of a diameter of 4 mm or more but not exceeding 10 mm” (tariff subheading 7315.82.03); “The links which are manufactured from round section iron or steel wire, bars or rods of a diameter exceeding 10 mm but not exceeding 20 mm” (tariff subheading 7315.82.05); “The links which are manufactured from round section iron or steel wire, bars or rods of a diameter exceeding 20 mm but not exceeding 36 mm” (tariff subheading 7315.82.07); and “Other” (tariff subheading 7315.82.90) from free to 15% ad valorem.

The reasoning for Itac’s recommendation is contained in its Report 546.

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