Sars on August 3 announced the insertion of Rebate Items 460.15/7216.32/01.06 and 460.15/7216.33/01.06 in Part 2 of Schedule No.4 to the Act, 1964, (Rebates and Refunds of Customs Duties, Excise Duties, Fuel Levy, Road Accident Fund Levy, Environmental Levy and Health Promotion Levy - Temporary Rebates of Customs Duties) for the importation of certain structural steel in the form of H and I sections.
The reasoning for the tariff amendments are contained in ITAC Report No.577.
Rebate Item 460.15/7216.32/01.06 “I sections of iron or non-alloy steel not further worked than hot-rolled, hot-drawn or extruded, of a height of 530 mm or more, 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.”
Rebate Item 460.15/7216.33/01.06 “H sections of iron or non-alloy steel not further worked than hot-rolled, hot-drawn or extruded, of a height and width of 300mm x 300 mm or more, 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.”