ANNOUNCEMENT 29 Dec 2017
In December 2017, the South African Revenue Service (SARS) introduced a full rebate on certain structural steel sections.
NUMBER OF INTERVENTIONS
South Africa Revenue Service (SARS), Government Gazette No. 41363, No. R.1516 of 29 December 2017:
International Trade Administration Commission of South Africa (ITAC) Report No. 563, 30 October 2017: http://www.itac.org.za/upload/document_files/20180109023013_Report-563.pdf
The rebate was introduced on 29 December 2017. The products subject to the full rebate on import tariffs are certain structural steel in the form of H and I sections, classified under HS code subheading 7228.70. The import tariff subject to full rebate is 10%, whilst it is 0% for countries members of the EU, EFTA and SADC.
The rebate facility will notably be subject to import control and a rebate permit, which will be subject to certain rules and guidelines stipulated by the International Trade Administration Commission of South Africa (ITAC). The intervention was announced as a temporary rebate, however, no removal date was stipulated.