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Customs Tariff (Amendment No. 3) Act 1998

PAPUA NEW GUINEA


Customs Tariff (Amendment No. 3) Act 1998


No. 45 of 1998.
Certified on: 12.01.99


ARRANGEMENT OF SECTION

Amendment of Schedule 2.


AN ACT

entitled

Customs Tariff (Amendment No. 3) Act 1998,

Being an Act to amend the Customs Tariff Act 1990,

MADE by the National Parliament to be deemed to have come into operation on 26 October 1998.

AMENDMENT OF SCHEDULE 2.

Schedule 2 of the Principal Act is amended by repealing the entries in the respective columns opposite the following Export Item and replacing them with the entries shown below:-

"EXPORT ITEM
CLASS OF GOODS
RATE
REMARKS ITEM
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

TABLE (Refer Export Item 44.03)

When f.o.b. price/m3 Exceeds
and f.o.b. price/m3 does not exceed
Export tax/m3 equals
0
130
Nil
130
150
P x 0.55 - 71.5
150
200
P x 0.60 - 79.0
200
P x 0.70 - 99.0

I hereby certify that the above is a fair print of the Customs Tariff (Amendment No. 3) Act 1998 which has been made by the National Parliament.

Acting Clerk of the National Parliament.

I hereby certify that the Customs Tariff (Amendment No. 3) Act 1998 was made by the National Parliament on 1 December 1998.

Acting Speaker of the National Parliament.

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