Customs

Tariff Applications – Comments Due

Reduction of Duty on AC Generators The International Trade Administration Commission of South Africa (Itac) has announced the proposed reduction in the rate of customs duty on AC generators (alternators), classifiable under tariff subheadings 8501.61.10, 8501.61.90, and 8501.62.00, with a “General” rate of customs duty of 5% ad valorem, 10% ad valorem and 10% ad valorem, respectively, to free of customs duty. The application was lodged by Hudaco Trading (Pty) Ltd who reasoned that there were no longer manufacturers of alternators in the Sacu region and that the reduction in the “General” rate of customs duty would indirectly lead to job creation. Comment is due by 22 June 2012.

SA Customs Buzz