On 30 November Sars published the insertion of rebate items 460.15/7208.51/02.06 and 460.15/7208.51/03.06, in Part 2 of Schedule No 4 to the Act, to create a rebate facility on primary flat rolled steel, classifiable in tariff subheading 7208.51.
The reasoning for the amendment can be found in Itac report no 586.
Rebate Item 460.15/7208.51/02.06 “Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, not in coils, not further worked than hot-rolled, of a thickness exceeding 100 mm, in such quantities and such times and subject to such conditions as the International Trade Administration Commission may allow by specific permit, provided the products are not available in the SACU market.” The extent of the rebate is full duty in Schedule No. 1 and Schedule No. 2 to the Act.
Rebate Item 460.15/7208.51/03.06 “Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, not in coils, not further worked than hot-rolled, of a thickness exceeding 60 mm but not exceeding 100 mm, in such quantities and such times and subject to such conditions as the International Trade Administration Commission may allow by specific permit, provided the products are not available in the SACU market Extent of Rebate Full duty in Schedule No. 1 and Schedule No. 2 to the Act.”
The extent of the rebate is full duty in Schedule No. 1 and Schedule No. 2 to the Act.