The New Zealand Customs Service has announced today that the current tariff treatment transfers from Part II to Part I of the Tariff will take place on 1 October 2017.
New Zealand has been implementing the agreed tariff elimination under the World Trade Organization – Information Technology Agreement (WTO–ITA) though a tariff concession (Reference Number 60) under Part II of the Tariff.
The Tariff (World Trade Organization Information Technology Agreement) Amendment Order 2017 transfers the current tariff treatment for WTO–ITA goods from Part II to Part I of the Tariff. Moving these goods directly into Part I of will improve the transparency of the tariff treatment of the covered goods, and will not alter the tariff rates.
The amendment order comes into force on 1 October 2017. Replacement tariff pages will be issued prior to this date.
For further information, visit http://customsrelease.customs.govt.nz/wto-information-technology-agreement-concessions-transfer-0.
Trusted Trader International