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Customs Tariff (Export Tax Amendment) Act 2001

PAPUA NEW GUINEA


Customs Tariff (Export Tax Amendment) Act 2001


No. 14 of 2001.
Certified on 18.02.02


ARRANGEMENT OF SECTIONS.

1. Interpretation (Amendment of Section 1).
2. Rates of export duty (Amendment of Schedule 2).


AN ACT

entitled

Customs Tariff (Export Tax Amendment) Act 2001

Being an Act to amend the Customs Tariff Act 1990,

MADE by the National Parliament to come into operation on 1 January 2002.

  1. INTERPRETATION (AMENDMENT OF SECTION 1).

Section 1 of the Principal Act is amended by inserting, immediately after the definition of "Interpretation Rules", the following new definition:

"Plantation Logs" means logs derived from forest plantations established artificially, either by afforestation on land which has not carried forest within living memory or by reforestation of land which carried forest before but where the indigenous species are replaced with a new species or genetic variety. Enrichment planting and other such silvicultural treatments of natural forests following selective logging do not qualify as forest plantations.".
  1. RATES OF EXPORT DUTY (AMENDMENT OF SCHEDULE 1)

Schedule 2 of the Principal Act is amended by repealing item 44.03 and replacing it with the following items and tables

EXPORT ITEM
CLASS OF GOODS
RATE
REMARKS
44.03
Timber logs and poles in the rough (other than off plantation logs or sandalwood), whether or not slipped 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, see remarks)
As per the table below
The export of balsa, blackbean, cordia, ebony, rosewood, teak and all conifers is banned
When f.o.b. price/m3 exceeds
And when f.o.b. price/m3 does not exceed
Export tax/m3 equals
Kina
Kina
0
90
110
130
150
200
90
110
130
150
200
P x 0.10
P x 0.25 - K13.50
P x 0.45 - K35.50
P x 0.50 - K42.00
P x 0.55 - K49.50
P x 0.65 - K69.50

P= f.o.b, log price
EXPORT ITEM
CLASS OF GOODS
RATE
REMARKS
44.03
Plantation Logs
Free
44.03
Sandal wood
15%

I hereby certify that the above is a fair print of the Customs Tariff (Export Tax Amendment) Act 2001 which has been made by the National Parliament.

Clerk of the National Parliament.

I hereby certify that the Customs Tariff (Export Tax Amendment) Act 2001 was made by the National Parliament on 5 December 2001.

Speaker of the National Parliament.

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