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PUBLISHER: Global Trade Advisors (www.xagta.com)

STI Electrical has requested an increase in the ad valorem customs duty on imported goods to 15%, instead of the current 5% in South Africa. According to the applicant, this relatively low 5% tariff has posed challenges for domestic producers and the influx of competitively priced imported cores has made it difficult for local manufacturers to compete effectively. To address this issue, the applicant seeks adjustments in tariff rates to enhance the competitiveness of the domestic industry.

Transformer cores, it turns out, play a pivotal role in electrical power distribution systems. These magnetic components transform voltage levels, ensuring efficient energy transmission. This application focuses on transformer cores with a power handling capacity not exceeding 50,000 kVA. These cores fall under tariff subheading 8504.90.

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