The following notification appeared on the Department of Trade and Industry (the dti) website:
The dti would like to make the downstream steel industry aware and encourage applications of the following Itac rebate offerings:
“1. Rebate item 470.03 provides for a full waiver of customs duty on imported goods for use in the manufacture of goods exclusively for export; and
2. Rebate item 521.00 provides a full refund of customs duty on imported goods used in the manufacture of goods exclusively for export. Upon receipt of a duly completed application for 470.03/521.00 Itac issues the permit. In the case of 470.03 permit (obtained before importing), it is presented to Customs when clearing the goods whilst the 521.00 permit (post importing) is presented to Customs when claiming the duties. The respective application forms are available on Itac’s website and it takes at most 10 working days to issue the permit.
3. Schedule No. 3 makes provision for industrial rebates for manufacturing purposes on products not produced in the country, allowing manufacturers to source their intermediate material and component inputs at world prices.
4. Schedule No. 4 makes provision for products for which there are temporary shortages on the domestic market, and generally also for consumption and capital goods for which separate tariff lines are not feasible.
The primary aim of the Schedule 3 and 4 rebate provision is to provide customs duty waiver and therefore the availability at world competitive prices of products that attract duties but are not produced or insufficiently produced domestically. This rebate will be available on a case by case basis upon application.”
Please note that these rebate provisions are also available to other industries. If you are uncertain, please ask us.