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Timken South Africa (Pty) Ltd (“Timken” or “applicant”) applied for the creation of a temporary rebate provision for the importation of certain outer rings of journal roller bearings, classifiable under tariff subheading 8482.99.17. The International Trade Administration Commission (“ITAC” or the “Commission”) considered the application in light of all the information at its disposal. The Commission found that there is currently no manufacturer of the outer cup in the SACU region. As such, the applicable customs duty has a cost-raising effect on the manufacture of the final product (railway journal bearings). The Commission concluded that the duty relief, through the creation of a Schedule 4 temporary rebate provision, will result in a reduction in production costs and improve the competitive position for the domestic industry manufacturing railway journal bearings. The Commission further recommended that the rebate provision be reviewed after a period of three (3) years (unless otherwise determined by the Commission) following its implementation in order to review additional localization opportunities with an upturn in demand. Please click on the link below to access the full: ISSUED BY THE INTERNATIONAL TRADE ADMINISTRATION COMMISSION OF SOUTH AFRICA
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