On 26 April 2024, the South African Revenue Service (SARS) informed of the insertion of Rebate Item 460.15/8482.99.17/01.08, in Part 2 of Schedule No.4 to the Customs and Excise Act, 1964 (General Rebates of Customs Duties, Fuel Levy and Environmental Levy) in order to provide for a temporary rebate provision for the importation of certain outer rings of journal roller bearings, classifiable in tariff subheading 8482.99.17. The reasoning for the insertion of the Rebate Items is contained in the International Trade Administration of Commission of South Africa (ITAC) Report No.660.
Rebate Item 460.15/8482.99.17/01.08 reads “Outer rings of journal roller bearings, finished, of an outside diameter of 195 mm or more but not exceeding 196 mm, or of 207 mm or more but not exceeding 209 mm, in such quantities, at such times and subject to such conditions as the International Trade Administration Commission, may allow by specific permit.”