On 21 October 2011 a notice was published in respect of the proposed creation of a Rebate Item (Provision) for the manufacture of yachts. The proposed Rebate Item, under Rebate Item 470.03, to read “Goods cleared in terms of a permit issued by the International Trade Administration Commission, for use in the manufacture, processing, finishing or equipment of yachts, classifiable in tariff heading 89.03 exclusively for export, within 3 years from the date of entry thereof”. The application was lodged by Itac who reasoned that the construction of the yachts takes longer than the currently prescribed one-year period in terms of Rebate Item 470.03. Comment due by 18 November 2011.