Commonwealth legislation

Customs By-law No. 1700052

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This by-law lets Australian textile manufacturers import un‑compounded polyamides and polyesters (raw nylon/polyester chips) under a reduced customs duty (Item 48 of Schedule 4) provided the materials are actually used to make fibres or yarns.

Importers must lodge a financial guarantee (security) with the Collector of Customs; the bond protects revenue if the goods aren’t used for the eligible textile manufacturing.

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Current sections

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Customs By-law No. 1700052

CUSTOMS ACT 1901

CUSTOMS TARIFF ACT 1995

SCHEDULE 4

BY-LAW No. 1700052

I, Andrew Chandler, delegate of the Comptroller-General of Customs, under section 271 of the Customs Act 1901 make the by-law set out in the Schedule below.

In the by-law set out below, “security” means the security given (under section 42 of the Customs Act 1901) to, and to the satisfaction of, the Collector by the importer.

THE SCHEDULE

Item 48

Schedule 4

This by-law may be cited as Customs By-law No. 1700052.
This by-law shall take effect on and from 1 January 2017.
For the purposes of item 48 of Schedule 4 to the Customs Tariff Act 1995, uncompounded polyamides and polyesters classified under subheadings 3907.6, 3907.70.00, 3907.9 or heading 3908 in Schedule 3 to the Customs Tariff Act 1995 are prescribed.
The application of item 48 to the goods in paragraph 3 is subject to the condition that the goods are for use in the manufacture of fibres or yarns, UNDER SECURITY.
For the purposes of this by-law, the “Customs Tariff Act 1995” means the Customs Tariff Act 1995, as amended or proposed to be altered.

Dated this 7th day of February 2017.

(signed)
Andrew Chandler

Delegate of the

Comptroller-General of Customs

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Customs By-law No. 1700052