Sars on 18 September announced the deletion of Rebate Item 316.17/85.29/02.04 of Part 1 of Schedule No 3 to the Act, 1964 (Industrial Rebates of Customs Duties, Machinery and Mechanical Appliances; Electrical Equipment; Parts thereof, Industry: Reception Apparatus for Television, and Parts thereof), which provided for partial rebate on display panels for the manufacture of television sets. The tariff amendment is effective on the date.
Rebate Item 316.17/85.29/02.04 reads ‘Display panels (excluding any apparatus classifiable in heading 85.28), not equipped or presented with mounted or populated circuit boards designed for purposes other than pixel control, and inverters, whether or not incorporating a back lighting unit but not equipped or presented with any other components, at such times, in such quantities and under such conditions as the International Trade Administration Commission may allow by specific permit, for the manufacture of reception apparatus for television, classifiable in subheadings 8528.72.90 and 8528.73.90’.
The extent of the rebate is full customs duty less 12.2%. Details of the reasoning of Itac that resulted in the tariff amendment is detailed in Itac’s Report No 498.
