EXPLANATORY STATEMENT
STATUTORY RULES 1986 NO. 367
CUSTOMS REGULATIONS (AMENDMENT)
Issued by the Authority of the Minister of State for Industry Technology and Commerce
The Australian Customs Service has recently considered Regulation 37 of the Customs Regulations and has proposed various amendments to the Regulation 50 so as to facilitate the increasing use of computers in the valuation of goods entered for home consumption, and to reflect current practices used in the valuation of goods.
The Regulation makes the necessary technical amendments to Regulation 37 of the Customs Regulations by eliminating the need for computers used in the valuation process to be owned by the Commonwealth, and to quote the value of goods in Australian currency.