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Import Duties (Consolidation) (Amendment) Act 2002

Commencement: 1 January 2003

REPUBLIC OF VANUATU

IMPORT DUTIES (CONSOLIDATION) (AMENDMENT) ACT
NO. 31 OF 2002

Arrangement of Sections

1. Amendments

2. Commencement.

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Assent 31 December 2002
Commencement 1 January 2003

REPUBLIC OF VANUATU

IMPORT DUTIES (CONSOLIDATION)
(AMENDMENT) ACT NO. 31 OF 2002

An Act to amend the Import Duties (Consolidation) Act [CAP 91].

Be it enacted by the President and Parliament as follows-

1 Amendments

The Import Duties (Consolidation) Act [CAP 91] is amended as set out in the Schedule.

2 Commencement

This Act commences on 1 January 2003.

Schedule

Amendments of Import Duties (Consolidation) Act [CAP 91]

1. Schedule 1 of the Import Duties (Consolidation) Act [CAP 91]

Schedule 1 of the Import Duties (Consolidation) Act [CAP 91] is amended by deleting from that Schedule for each tariff item in Column 1 of the Table the current rate of duty set out in Column 2 of the Table and substituting the new rate of duty set out in Column 3 of the Table.

1A Schedule III (Arrangement of Sections, Section 1 Economic Reliefs)

After X6 insert “X7 Diesel fuel imported for the generation of certain electric power.”.

1B After X6 of Schedule III

Insert

“DIESEL FUEL IMPORTED FOR THE GENERATION OF CERTAIN ELECTRIC POWER

X7 (1) If:

(a) a person is a party to an agreement with the Government for the production of electric power; and

(b) diesel fuel is imported and is used by that person only for the purposes of that agreement; and

(c) the imported fuel is diesel fuel (distillate) classified under Tariff Classification Code 2710.0050;

the Director of Customs may, subject to the prior approval of the Council of Ministers, exempt the diesel fuel from Customs Duty otherwise payable or approve a reduction of Customs Duty otherwise payable in respect to the diesel fuel. The amount of the reduction is to be determined in writing by the Director.

(2) The Director of Customs may impose such terms and conditions as the Director thinks necessary on any exemption or reduction under this section.

(3) A person who is a party to the agreement referred to in subsection (1) must comply with such terms and conditions imposed under subsection (2).”.

2 Schedule III (Arrangement Sections, Section 5)

Insert in its correct position

“X.57 Hospital medical supplies”.

3 Section X.46 of Schedule III

Repeal the section, substitute

“INWARD PROCESSING RELIEF

X.46 (1) Any goods imported into Vanuatu for manufacturing, processing or repair (other than goods being imported solely for packing, repacking or labeling) may be admitted free of duty if the Director is satisfied:

(a) the process for which the approval is sought is beneficial to the national economy; and

(b) any exemption would not conflict with the interests of established producers of goods identical or similar to those in respect of which admission is requested.

(2) The Director may impose such terms and conditions as the Director thinks necessary on any exemption under this section, including a requirement for a deposit or other security for duty.”.

4 After section X.56 of Schedule III

Insert:

“HOSPITAL MEDICAL SUPPLIES

X.57 Medicaments falling under Tariff Classification Headings 3003 and 3004 if:

(a) the medicaments are imported by the Central Medical Store – Importer Company Code CO160; and

(b) the medicaments are for use only in hospitals within Vanuatu; and

(c) the importer complies with such terms and conditions as may be imposed by the Director.”.

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REPUBLIC OF VANUATU

BILL FOR THE
IMPORT DUTIES (CONSOLIDATION) (AMENDMENT)
ACT NO. OF 2002

Explanatory Note

The Bill amends the Import Duties (Consolidation) Act [CAP 91] so as to change certain import duties. It also makes some changes to certain duty exemptions.

Minister of Finance and Economic Management