Customs and Excise Regulations 1996

Provisions relating to China

Heading: inserted, on 1 October 2008, by regulation 4 of the Customs and Excise (Rules of Origin for Chinese Goods) Amendment Regulations 2008 (SR 2008/224).

51Z Interpretation

In this regulation and regulations 51ZA to 51ZL, unless the context otherwise requires,—

CIF means the value (determined in accordance with Schedule 4 of the Act) of goods imported, and includes the cost of insurance and freight up to the port or place of entry into China

FOB means the free on board value (determined in accordance with Schedule 4 of the Act) of goods, including the cost of transport to the port or site of final shipment abroad

generally accepted accounting principles means the recognised consensus or substantial authoritative support in China with respect to the following (which may encompass broad guidelines of general application or detailed practices, procedures, and standards):

(a)

the recording of assets, costs, expenses, liabilities, and revenues:

(b)

the disclosure of information:

(c)

the preparation of financial statements

material means any goods, matter, or substance, used in the production or transformation of other goods, including a part or ingredient

non-originating goods or non-originating materials means goods or materials that do not qualify as originating under regulations 51Z to 51ZL

originating materials or originating goods means materials or goods that qualify as originating under regulations 51Z to 51ZL

packing materials and containers for shipment means items used to protect goods during their transport, other than a container or packaging used for retail sale of the goods

producer means a person who engages in the production of goods

production means methods of obtaining goods, including growing, raising, mining, harvesting, fishing, farming, trapping, hunting, capturing, gathering, collecting, breeding, extracting, manufacturing, processing, or assembling goods.

Regulation 51Z: inserted, on 1 October 2008, by regulation 4 of the Customs and Excise (Rules of Origin for Chinese Goods) Amendment Regulations 2008 (SR 2008/224).

Regulation 51Z CIF: amended, on 1 October 2018, by section 443(4) of the Customs and Excise Act 2018 (2018 No 4).

Regulation 51Z FOB: amended, on 1 October 2018, by section 443(4) of the Customs and Excise Act 2018 (2018 No 4).

Regulation 51Z material: amended, on 1 January 2010, by regulation 7(1) of the Customs and Excise (Rules of Origin for AANZFTA Goods) Amendment Regulations 2009 (SR 2009/349).

Regulation 51Z producer: amended, on 1 January 2010, by regulation 7(2) of the Customs and Excise (Rules of Origin for AANZFTA Goods) Amendment Regulations 2009 (SR 2009/349).