Customs

Laminates Customs Duty Reduction – Comment Due

Comment is due by 28 June 2013 in respect of the proposed reduction in the rate of customs duty on laminates of phenolic resins with a basis of paper, classifiable in tariff subheading 3921.90.05 from 10% ad valorem to free of customs duty, by the creation of a new 8-digit tariff subheading under 3921.90 for “laminates of phenolic` resins with a basis of paper, thermosetting”. The application was lodged by FX Veneers CC who reasoned that the product was not manufactured in the Southern African Customs Union (SAcu) and it was unlikely to be manufactured due to high capital costs. In addition, this product is used as an input in the manufacturing of an end product as well as sold directly in the Sacu market.

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