Customs Amendment Act 1996
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Customs Amendment Act 1996
Public Act |
1996 No 29 |
|
Date of assent |
4 June 1996 |
|
Contents
An Act to amend the Customs Act 1966
BE IT ENACTED by the Parliament of New Zealand as follows:
1 Short Title, commencement, and expiry
(1)
This Act may be cited as the Customs Amendment Act 1996, and shall be read together with and deemed part of the Customs Act 1966 (in this Act referred to as the principal Act).
(2)
This Act shall come into force on the date on which it receives the Royal assent.
(3)
This Act shall expire and be deemed to have been repealed on the date on which section 290 of the Customs and Excise Act 1996 comes into force.
2 Indexation of rates of excise duty on alcoholic beverages and tobacco products
(1)
The principal Act is hereby amended by repealing section 118cb (as substituted by section 3 of the Finance Act (No. 2) 1993), and substituting the following section:
“118cb
“(1)
Subject to this section, the Governor-General may from time to time, by Order in Council, amend the Third Schedule to this Act to impose such rates of excise duty as the Governor-General thinks fit on all or any of the alcoholic beverages and tobacco products as defined in subsection (4) of this section.
“(2)
Any change in the rates of excise duty made by Order in Council under subsection (1) of this section,—
“(a)
Shall be limited in accordance with this section having regard to movements in the Consumers Price Index All Groups excluding credit services; and
“(b)
In the case of a change in the rates of excise duty for alcoholic beverages, may come into force only on—
“(i)
The 1st day of July 1996; or
“(ii)
In any subsequent calendar year, the 1st day of June in that year; and
“(c)
In the case of a change in the rates of excise duty for tobacco products, may come into force only on the 1st day of December in any calendar year.
“(3)
No new rate of excise duty imposed on any goods under subsection (1) of this section shall exceed a rate calculated in accordance with the following formula:
where—
“a
is the Index number of the Consumers Price Index All Groups excluding credit services issued by the Government Statistician for—
“(i)
The quarter ending on the 31st day of March in the calendar year in which the order is to come into force, in the case of any order relating to alcoholic beverages; or
“(ii)
The quarter ending on the 30th day of September in the calendar year in which the order is to come into force, in the case of an order relating to tobacco products; and
“b
is the Index number of the quarterly Consumers Price Index All Groups excluding credit services issued by the Government Statistician for—
“(i)
In the case of an order relating to alcoholic beverages which is to come into force on the 1st day of July 1996, the quarter ending on the 30th day of June 1995, expressed on the same base quarter as the relevant quarter specified in item a of this formula; or
“(ii)
In the case of any other order, the quarter ending 12 months before the relevant quarter specified in item a of this formula, and expressed on the same base quarter as, the relevant quarter specified in item a of this formula; and
“c
is the existing rate of excise duty in respect of the goods to which the order relates.
“(4)
In this section,—
“Alcoholic beverages” means goods specified in subheadings 99.10, 99.20, 99.25, 99.30, 99.45, and 99.50 of the Third Schedule to this Act, not being goods that are exempt from excise duty; and includes undenatured ethyl alcohol and other goods specified in subheadings 99.35, and 99.40 of that Schedule (also not being goods exempt from excise duty):
“Tobacco products” means goods specified in subheadings 99.60 and 99.65 of the Third Schedule to this Act.”
(2)
Section 3 of the Finance Act (No. 2) 1993 is hereby consequentially repealed.
This Act is administered in the Customs Department.
Versions
Customs Amendment Act 1996
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