International Trade Administration Act, 2002 (Act No. 71 of 2002)RegulationsAutomotive Production and Development Programme (APDP) RegulationsPart C - Production Rebate Credit Certificates12. Vulnerable industries and products |
| 12.1 | Vulnerable industries and products are those identified by the Minister and set forth in note 4.4.2 to APDP Info Doc A. |
| 12.2 | Notwithstanding section 10.2, for vulnerable industries and products, the SVA for the standard materials used in the manufacture of an eligible product will be 40 per cent of the value of the standard materials for the period 1 January 2013 to 31 December 2014 and will be reduced by 5 per cent per annum from 1 January 2015 to 25 per cent, which percentage will be applicable from 1 January 2017 onwards. |
| 12.3 | The PI factor for vulnerable industries and products will be 80 per cent and will be reduced by 5 per cent per annum from 1 January 2015 to 50%, which percentage will be applicable from 1 January 2020 onwards. |
| 12.4 | The SVA indicated in section 12.2 and the PI factor indicated in section 12.3 may be amended on approval by the Minister. |
| 12.5 | The production incentive for catalytic converters of 70 per cent in 2016 will reduce by 5 per cent on 1 January 2017 and will remain at the level of 65% onwards. |
[Regulation 12(12.5) inserted by Notice No. R. 960, GG40230, dated 26 August 2016]