On 20 May 2022, ITAC initiated a duty rebate investigation for the importation of stranded wire, ropes, and cables classifiable under tariff subheading 7312.10.40.
The applicant, Dunlop Belting Products (Pty) Ltd, applied for the creation of this rebate facility because:
- There is currently no SACU manufacturer of steel cord of a kind used to manufacture
conveyor belting in the SACU region as all the previous manufacturers of this product in the region have closed down;
- The existing customs duty thus serves no purpose other than adding an unnecessary cost burden to the importers of steel cord; and
- Should the application be approved, the duty relief will assist the applicant in its growth plans, preserve existing jobs and enable the creation of additional jobs.
Interested parties have until 17 June 2022 to submit comments.
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