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Import Duties (Consolidation) (Amendment) Act 2011

REPUBLIC OF VANUATU


IMPORT DUTIES (CONSOLIDATION) (AMENDMENT) ACT
NO. 12 OF 2011


Arrangement of Sections


Assent: 20/12/2011
Commencement: 01/01/2012


______________


IMPORT DUTIES (CONSOLIDATION) (AMENDMENT) ACT
NO. 12 OF 2011


An Act to amend the Import Duties (Consolidation) Act [CAP 91].
Be it enacted by the President and Parliament as follows-


1 Amendment
The Import Duties (Consolidation) Act [CAP 91] is amended as set out in the Schedule.


2 Commencement
(1) Subject to subsection (2), this Act commences on 01 January 2012.


(2) Item 5 of this Act is taken to have commenced on 24 October 2011.


____________


SCHEDULE
AMENDMENTS OF THE IMPORT DUTIES (CONSOLIDATION) ACT [CAP 91]


1 Schedule 1
Delete from the Schedule for each relevant tariff item in column 1 of the table the current rate of import duty set out in column 2 of the table, substitute the new rate of import duty set out in column 3 of the table.


TABLE


Column 1

Tariff Item
Column 2

Current rate of import duty
Column 3

New rate of import duty
0207.1100

0207.1200

0207.1300

0207.4100

0207.4900

0207.2400

0207.2500

0207.2600

0207.2700

0207.3200

0207.3300

0207.3400

0207.3500

0207.3600

0511.1000

0511.9100

0511.9900

2202.1000

2202.9000

2204.1000

2204.2100

2204.2900

2204.3000

2205.1000

2205.9000

2206.0000

2208.2000

2208.3010

2208.3020

2208.4010

2208.4020

2208.5010

2208.5020

2208.6010

2208.6020

2208.7010

2208.7020

2208.9010

2208.9020

2401.1000

2401.2000

2401.3000

2402.1000

2402.2000

2402.9000

2403.1000

2403.9100

2403.9900

2936.2100

2936.2200

2936.2300

2936.2400

2936.2500

2936.2600

2936.2700

2936.2800

2936.2900

2936.9000

2937.1100

2937.1200

2937.1900

2937.2100

2937.2200

2937.2300

2937.2900

2937.3100

2937.3900

2937.4000

2937.5000

2937.9000

2938.1000

2938.9000

2939.1100

2939.1900

2939.2000

2939.3000

2939.4100

2939.4200

2939.4300

2939.4900

2939.5100

2939.5900

2939.6100

2939.6200

2939.6300

2939.6900

2939.9100

2939.9900

2940.0000

2941.1000

2941.2000

2941.3000

2941.4000

2941.5000

2941.9000

2942.0000

8411.1100

8411.1200

8411.2100

8411.2200

8414.9000

8421.2100

8421.2200

8421.2300

8421.2900

8421.9100

8421.9900

8431.4100

8431.4200

8431.4300

8431.4900

8471.3000

8471.4100

8471.4900

8471.5000

8471.6000

8471.7000

8471.8000

8471.9000

8472.1000

8472.3000

8472.9000

8473.1000

8473.2100

8473.2900

8473.3000

8473.4000

8473.5000

8517.1100

8517.1200

8517.1800

8517.6100

8517.6200

8517.6900

8517.7000

8525.5000

8525.6000

8525.8000

8527.9100

8528.4100

8528.5100

8528.6100

9301.1100

9301.1900

9301.2000

9301.9000

9302.3020

9303.1000

9303.2000

9303.3000

9303.9000

9304.0000

9305.1000

9305.2100

9305.2900

9305.9900

9306.2100

9306.2900

9306.3000

9306.9000

9307.0000

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2 Schedule 1 –tariff item 2203.0000


Repeal the tariff item.


  1. Schedule 1

Insert the new tariff items set out in column 1 and their descriptions and units set out in column 2 and 3 and the new rate of import duty set out in Column 4 of the table for each relevant tariff item in Column 1.


Tariff Item
Description
Units
Duty
2203.0010
Less than 10% by volume of alcohol
Kg
75%
2203.0020
10% by volume of alcohol or more
Kg
75%

4 Schedule 2 –Clause 1(9)(a)
After “1994” insert “which states as follows:


Annex I: Interpretative Notes


General Note Sequential Application of Valuation Methods


1. Articles 1 through 7 define how the customs value of imported goods is to be determined under the provisions of this Agreement. The methods of valuation are set out in a sequential order of application. The primary method for customs valuation is defined in Article 1 and imported goods are to be valued in accordance with the provisions of this Article whenever the conditions prescribed therein are fulfilled.


2. Where the customs value cannot be determined under the provisions of Article 1, it is to be determined by proceeding sequentially through the succeeding Articles to the first such Article under which the customs value can be determined. Except as provided in Article 4, it is only when the customs value cannot be determined under the provisions of a particular Article that the provisions of the next Article in the sequence can be used.


3. If the importer does not request that the order of Articles 5 and 6 be reversed, the normal order of the sequence is to be followed. If the importer does so request but it then proves impossible to determine the customs value under the provisions of Article 6, the customs value is to be determined under the provisions of Article 5, if it can be so determined.


4. Where the customs value cannot be determined under the provisions of Articles 1 through 6 it is to be determined under the provisions of Article 7.


Use of Generally Accepted Accounting Principles:


1. “Generally accepted accounting principles” refers to the recognized consensus or substantial authoritative support within a country at a particular time as to which economic resources and obligations should be recorded as assets and liabilities, which changes in assets and liabilities should be recorded, how the assets and liabilities and changes in them should be measured, what information should be disclosed and how it should be disclosed, and which financial statements should be prepared. These standards may be broad guidelines of general application as well as detailed practices and procedures.


2. For the purposes of this Agreement, the customs administration of each Member shall utilize information prepared in a manner consistent with generally accepted accounting principles in the country which is appropriate for the Article in question. For example, the determination of usual profit and general expenses under the provisions of Article 5 would be carried out utilizing information prepared in a manner consistent with generally accepted accounting principles of the country of importation. On the other hand, the determination of usual profit and general expenses under the provisions of Article 6 would be carried out utilizing information prepared in a manner consistent with generally accepted accounting principles of the country of production. As a further example, the determination of an element provided for in paragraph 1(b)(ii) of Article 8 undertaken in the country of importation would be carried out utilizing information in a manner consistent with the generally accepted accounting principles of that country.”


5 Schedule 3, SECTION 1 ECONOMIC RELIEFS, X.5 (a)


(i) Delete “Director of Tourism” (first occurring), substitute

“Chairperson of the Committee”


(ii) Delete “Director of Tourism” (second occurring), substitute

“Committee”


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