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 took longer than the currently prescribed one year period in terms of Rebate Item 470.03. Comment due by 18 November 2011.