On 16 February 2024, the South African Revenue Service (SARS) announced the insertion of Rebate Item 307.08/4002.19.90/01.08 “Styrene-butadiene rubber (SBR) (synthetic rubber), for use in the manufacture of tyres, classifiable in tariff subheading 40.11”, in Part 1 of Schedule No.3 to the Customs and Excise, 1964 (Industrial Rebate) for which the ‘Extent of Rebate’, is full duty.
The reasoning for the amendment is contained in the International Trade Administration Commission of South Africa (ITAC) Report No.625.