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Customs

Stranded Wire, Ropes and Cables Rebate Items Introduced

Publish Date: 
20 Jun 2018

On 15 June Sars announced the insertion of rebate item 460.15/7312.10/01.06 in Part 2 of Schedule No 4 to the Act, “Stranded wire, ropes and cables of iron or steel, not electrically insulated, in such quantities, at such times and subject to such conditions as the International Trade Administration Commission, may allow by specific permit, provided the products are not available in the SACU market.”, and rebate item 460.15/7312.90/01.06, in Part 2 of Schedule No 4 to the Act, “Plaited bands, slings and the like, of iron or steel, not electrically insulated, in such quantities, at such times and subject to such conditions as the International Trade Administration Commission, may allow by specific permit, provided the products are not available in the SACU market.” to provide for the rebate of the customs duty on stranded wire, ropes and cables, which is contained in Itac Report 571 as amended by Itac minute M02/2018.

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