Customs Point-in-Time Service Updates

The Customs Point-in-Time Service has been updated to include the amendments from the Customs Amendment (Anti-Dumping Measures) Act 2017 (Cth) (119 of 2017) and the Customs Amendment (Singapore-Australia Free Trade Agreement Amendment Implementation) Act 2017 (Cth) (120 of 2017).

Act 119 of 2017

The purpose of the Act is to amend the Customs Act 1901 (Cth) to provide greater certainty in the determination of export prices for exporters to Australia, subject to anti-dumping and countervailing duties, in reviews of anti-dumping measures under Division 5 of the Customs Act. This Act will facilitate the use of appropriate methodologies to determine an export price during a review of measures for those Exporters who have not exported the goods, or exported low volumes of the goods such that the export price cannot be reliably determined, during the period examined for the purpose of the review. This will allow specific information to be used to determine an export price and limit Exporters’ ability to subvert the anti-dumping framework and benefit from inappropriately reduced rates of duty that do not remedy the injurious effects of dumping.

Act 120 of 2017

The purpose of the Customs Amendment (Singapore-Australia Free Trade Agreement Amendment Implementation) Act 2017 is to amend the Customs Act 1901 (Cth) to give effect to new Chapters in the Singapore-Australia Free Trade Agreement (SAFTA) inserted by the Agreement to Amend the Singapore-Australia Free Trade Agreement.
In particular, the Act will:
- introduce new rules of origin for goods that are imported into Australia from Singapore;
- introduce new procedures to claim preferential tariff treatment for goods that are Singaporean originating goods; and
- extend the record keeping obligations that apply to goods exported to Singapore that are claimed to be the produce and manufacture of Australia to also apply to Australian originating goods that are exported to Singapore.

The amendments made by Acts 119 and 120 of 2017 have been updated in the Point-in-Time Customs Service current to 7 November 2017. (NB: Subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.