56A.    Imposition of countervailing duties

 

(1)     The Minister may from time to time by notice in the Gazette amend Schedule No. 2 to impose a countervailing duty in accordance with the provisions of section 55(2).

 

(2)     The Minister may, in accordance with any request by the Minister of Trade and Industry from time to time by notice in the Gazette –

 

(a)     withdraw or reduce, with or without retrospective effect and to such extent as may be specified in the notice; or

(b)     otherwise amend, from the date of such amendment or any later date to such extent as may be specified in the notice,

any countervailing duty imposed under subsection (1).

[Subsection (2) substituted by section 68 of Act 20 of 2006]

 

(3)     The provisions of section 48(6) shall mutatis mutandis apply in respect of any amendment, withdrawal or reduction made under the provisions of subsection (1) or (2) of this section.

[Subsection (3) substituted by section 7 of Act 19 of 1994]

[Section 56A inserted by section 10 of Act 61 of 1992]