Customs exemption amendments expand eligible tariff chapters and machinery, and revise duty concession and marine equipment coverage. Amendments expand customs exemption coverage by adding Chapters 39, 73, 84 and 90 and inserting a range of packaging and food processing machinery and related equipment into the exempted goods table. They also recast the descriptive scope to 'marine products industry' and adjust the duty concession to exempt the portion of customs duty in excess of an amount calculated at the rate of 35 percent ad valorem and the whole of additional duty under section 3, while adding certain fishing and marine equipment to the exempt list.
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Customs exemption amendments expand eligible tariff chapters and machinery, and revise duty concession and marine equipment coverage.
Amendments expand customs exemption coverage by adding Chapters 39, 73, 84 and 90 and inserting a range of packaging and food processing machinery and related equipment into the exempted goods table. They also recast the descriptive scope to "marine products industry" and adjust the duty concession to exempt the portion of customs duty in excess of an amount calculated at the rate of 35 percent ad valorem and the whole of additional duty under section 3, while adding certain fishing and marine equipment to the exempt list.
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