On 20 October Itac published a proposal for the creation of rebate provisions on ordinary customs and safeguard duties applicable on primary flat steel not manufactured locally, classifiable under Chapter 72.
The application was lodged by Itac who reasoned that (i) The ‘Ordinary’ customs duty imposed on primary steel products and the safeguard duty imposed on hot-rolled primary steel products not manufactured in the Sacu region have an unnecessary cost raising effect on the downstream industry. AMSA submitted an indicative list of products not manufactured by the domestic industry. [The list is not exhaustive.] Description for the rebate provisions for primary steel products not manufactured in Sacu must be solicited from the South African Revenue Service (Sars) and then submitted to Itac.
Comment is due by 03 November.