PAPUA NEW GUINEA

Customs Tariff (2023 Budget) (Amendment) Act 2022

No. 70 of 2022
Certified on 12 JAN 2023

ARRANGEMENT OF SECTION.
Rates of export (Amendment of Schedule 2).

AN ACT
entitled
Customs Tariff (2023 Budget) (Amendment) Act 2022,
Being an Act to amend the Customs Tariff Act 1990,
MADE by the National Parliament to come into operation on 1 January 2023.
RATES OF EXPORT (AMENDMENT OF SCHEDULE 2).
Schedule 2 of the Principal Act is amended by repealing the tariff item, description of goods, rates of export and remarks shown in the schedule and replacing them with the tariff items, description of goods, rates of export and remarks shown below -
TARIFF ITEM	DESCRIPTION OF GOODS	RATE	REMARKS	
44.03	Timber logs and poles in the rough, whether or not stripped of bark or sapwood, or roughly squared (ie, not downstream processed eg. sawn timber), of all species (other than balsa, blackbean, cordia, ebony, rosewood, teak and all conifers, the export of all of which is banned).	As per the table below	Plantation logs exempted from export duty.	

(FOB price, US$/m3	(US$/m3)	
0	P*0.3000	
From and Above $60.00	P*0.5872-3.56	
From and Above $100.00	P*0.6702-4.76	
From and Above $150.00	P*0.6949-12.36	
From and Above $200.00	P*0.7061-16.36	

I hereby certify that the above is a fair print of the Customs Tariff (2023 Budget) (Amendment) Act 2022, which has been made by the National Parliament.
Acting Clerk of the National Parliament. 
12 JAN 2023
I hereby certify that the Customs Tariff (2023 Budget) (Amendment) Act 2022, was made by the National Parliament on 2 December 2022.
Speaker of the National Parliament 
12 JAN 2023