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Excise Tariff (Budget Provisions 2001) Act 2000

PAPUA NEW GUINEA

Excise Tariff (Budget Provisions 2001) Act 2000

No. 44 of 2000.
Certified on: 02.02.2001

ARRANGEMENT OF SECTIONS

1. Interpretation (Amendment of Section 1).
2. Repeal and Replacement of Section 4.
3. New Section 5.
4. Amendment of Schedule 1.

AN ACT

entitled

Excise Tariff (Budget Provisions 2001) Act 2000,

Being an Act to amend the Excise Tariff Act (Chapter 107),

MADE by the National Parliament to be deemed to have come into operation on 28 November 2000.

1. INTERPRETATION (AMENDMENT OF SECTION 1).

Section 1 of the Principal Act is amended -

(a) by repealing the definitions of "subject to price adjustment" and "subject to half yearly variation on consumer price index"; and
(b) by inserting a new definition of "lal" as follows:-

• " 'lal' means litre of contained alcohol and is calculated by multiplying the volume of alcoholic beverage with the percentage of alcohol contained therein;"; and

(c) by inserting a new definition of "volume of alcohol" as follows-

• " 'volume of alcohol' means-

(d) the volume of alcohol contained in alcoholic beverages, that would be that volume of alcohol if measured at a temperature of 20 degrees Celsius; and
(e) in a calculation made by reference to the specific gravity of alcohol, the specific gravity of alcohol in relation to water, at a temperature of 20 degrees Celsius and in vacuum, is 0.79067.".

2. REPEAL AND REPLACEMENT OF SECTION 4.

The Principal Act is amended by repealing Section 4 and replacing it with the following:-

"4. ADJUSTMENTS TO DUTY.
Subject to Section 5, where Schedule 1 shows different rates of duty applicable at different periods of time, the rate of duty chargeable is the rate of duty applicable at the date the relevant goods are cleared for home consumption.".

3. NEW SECTION 5.

The Principal Act is amended by adding the following new section:-

"5. QUOTA RESTRICTION, CALCULATION OF DUTY BEFORE A CHANGE IN THE RATE OF DUTY.
Where there is a change in the rate of duty and excisable goods are cleared for home consumption during the 30 days prior to that date, the rate of duty chargeable in respect of such goods during that period is as follows:-

• (a) for an amount of goods not exceeding the average monthly amount of goods cleared by the specific manufacturer or importer during the six month period commencing on a date seven months before the date of the change in duty, the rate of duty applicable at the date the relevant goods are cleared for home consumption; and
• (b) for goods in excess of the amount calculated in accordance with Paragraph (a), the rate of duty which is applicable after the change in rate has taken effect or will take effect.".

4. AMENDMENT OF SCHEDULE 1.

Schedule 1 to the Principal Act is amended by repealing the rates of excise duty shown in the following rates of duty column (old item) and replacing them with the rates of excise duty shown below:-

I hereby certify that the above is a fair print of the Excise Tariff (Budget Provisions 2001) Act 2000 which has been made by the National Parliament.

Acting Clerk of the National Parliament.

I hereby certify that the Excise Tariff (Budget Provisions 2001) Act 2000 was made by the National Parliament on 7 December 2000.

Acting Speaker of the National Parliament.