Itac has invited comment on its application for the proposed reduction in the “General” rate of customs duty on “Rack and pinion steering assemblies (excluding power-assisted types and those of subheading 8708.94.10) classifiable under tariff subheading 8708.94.20 from 20% ad valorem to free of duty”. Comment is due by 17 March 2017.
The application was lodged by Masterparts (Pty) Ltd who reasoned that there was no longer a local manufacturer of the subject products in the Southern African Customs Union (SACU) region and the current duty only served as an unnecessary cost-raising effect.
