EXPLANATORY STATEMENT
Statutory Rules 1986 No 215
Customs Regulations (Amendment)
Issued by the Authority of the Minister of State for Industry, Technology and Commerce.
In late 1985 the Government agreed to exempt from payment of the two percent revenue duty
(a) ships and their parts or components imported for use in international trade and entered during the period the duty applied;
(b) previous consignments of aircraft and their parts or components imported for use in international trade; and
(c) future consignments of aircraft and their parts or components imported for use in international trade,
by amendment of the Customs Regulations to authorise the remitting of duty otherwise payable. The proposed amendments to the Customs Regulations give effect to the decision of the Government.
The opportunity has been taken to restrict the effect of Regulation 127, which requires imported goods to be destroyed before duty paid is refundable. This provision was only intended to cater for those circumstances prescribed in paragraphs (a)-(d) inclusive of Regulation 126 of the Customs Regulations, and this is now expressly stated.
Details of the Regulations are as follows:
Regulation 1 inserts a paragraph (n) to Regulation 126 of the Customs Regulations remitting such duty as is payable at the rate of two percent on ships and aircraft, or a part or a component of a ship or aircraft, where the ship or aircraft is imported for use in international trade, or the part or component is imported for a ship or aircraft used, or intended to be used for international trade.
Regulation 2 amends Regulation 127 of the Customs Regulations by restricting the requirement imposed by Regulation 127 for goods to be destroyed before duty paid on them is refundable to those circumstances prescribed in paragraphs (a)-(d) inclusive of Regulation 126 of the Customs Regulations.