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Papua New Guinea Sessional Legislation |
PAPUA NEW GUINEA
EXCISE TARIFF (2015 BUDGET)(AMENDMENT) ACT 2014.
No.43 of 2014.
Certified on: 22 DEC 2014
Excise Tariff (2015 Budget)(Amendment) Act 2014.
No. 43 of 2014.
Excise Tariff (2015 Budget)(Amendment) Act 2014.
ARRANGEMENT OF SECTION.
Excise Tariff (Amendment of Schedule 1 - Duties On Excise).
_____________________
No. 43 of 2014.
An Act
entitled
Excise Tariff (2015 Budget)(Amendment) Act 2014,
Being an Act to amend the Excise Tariff Act (Chapter 107),
MADE by the National Parliament and to come into operation on 30 November 2014.
EXCISE TARIFF (AMENDMENT OF SCHEDULE 1 — DUTIES ON EXCISE).
Schedule 1 of the Principal Act is amended by repealing the tariff item, description of goods and rates of excise duty and remarks shown in the following and replacing them with the tariff item, description of goods and rates of excise duty and remarks shown below:
| TARIFF ITEM | DESCRIPTION | DUTY RATE FROM 1 DECEMBER 2014 | REMARKS |
| 2402.10.00 | Cigars, cheroots and cigarillos containing tobacco | K261.51 Per Kg | The duty rate for tobacco products is adjusted at 6 monthly intervals, on 31st of May and 30th November each year. The adjustment is calculated by multiplying the duty rate then applicable, by a fixed percentage amount of 5%. The adjustment as calculated
is added to the duty rate then applicable, to give the new duty rate. The new duty rate after each adjustment will replace the previous
duty rate and will apply from the first day of the next month, that is from 1st June and 1st December. |
| 2402.20.10 | Cigarettes of dark fired tobacco without filter (Spear or equivalent) | K261.51 Per Thousand sticks | |
| 2402.20.20 | Cigarettes of dark fired tobacco with filter (Spear or equivalent) | K130.77 Per Thousand sticks | |
| 2402.20.30 | Cigarettes of tobacco or tobacco substitutes with filter, containing dark fired tobacco (Spear or equivalent) | K163.15 Per Thousand sticks | |
| 2402.20.40 | Cigarettes of tobacco or tobacco substitutes with filter containing tobacco other than dark fired tobacco | K261.51 per Thousand sticks | The duty rate for tobacco products is adjusted at 6 monthly intervals, on 31st of May and 30th November each year. The adjustment is calculated by multiplying the duty rate then applicable, by a fixed percentage amount of 5%. The adjustment as calculated
is added to the duty rate then applicable, to give the new duty rate. The new duty rate after each adjustment will replace the previous
duty rate and will apply from the first day of the next month, that is, from 1st June and 1st December. |
| 2402.20.50 | Cigarettes of tobacco or tobacco substitutes without filter containing dark fired tobacco (Spear or equivalent) | K261.51 per Thousand sticks | |
| 2403.11.10 | Smoking tobacco, whether or not containing tobacco substitutes in any proportion | K87.20 Per Kg | |
| 2403.11.30 | Chewing tobacco | K87.20 Per Kg | |
| 2403.11.40 | Snuff | K87.20 Per Kg | |
| 2403.11.50 | Twist or trade tobacco | K87.20 Per Kg | |
| 2403.11.60 | Stick tobacco | K87.20 Per Kg | |
| 2403.11.70 | Coarse Shredded Tobacco for Roll Your Own Cigarettes | K42.15 Per Kg | |
| 2403.91.00 | "Homogenised" or "reconstituted" tobacco | K121.11 Per Kg | |
| 2403.99.00 | Other | K87.20 Per Kg |
_____________________
I hereby certify that the above is a fair print of the Excise Tariff (2015 Budget)(Amendment) Act 2014 which has been made by the National Parliament.
Acting Clerk of the National Parliament.
22 DEC 2014
I hereby certify that the Excise Tariff (2015 Budget)(Amendment) Act 2014 was made by the National Parliament on 25 November, 2014.
Acting Speaker of the National Parliament
22 DEC 2014
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URL: http://www.paclii.org/pg/legis/num_act/et2015ba2014267
