✨ Commerce Notices
384 NEW ZEALAND GAZETTE No. 18
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Government Notices
Commerce
Commerce Act 1986
Appointment of Member to the Commerce Commission
Pursuant to section 11 of the Commerce Act 1986, the Minister of Commerce, has appointed
Edward Allan Hudson of Paremata
to be an Associate Member of the Commerce Commission for matters relating to the authorisation of restrictive trade practices, the clearance and authorisation of mergers and takeovers and the authorisation of prices for controlled goods and services for a period of 3 years commencing from the 1st day of January 1990.
Dated at Wellington this 29th day of January 1990.
DAVID BUTCHER, Minister of Commerce.
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Dumping and Countervailing Duties Act 1988
Final Determination and Imposition of Anti-Dumping Duty and Retrospective Measures: Refined Sugar From the Netherlands, Belgium and Denmark, Amendment No. 1
Pursuant to section 14 of the Dumping and Countervailing Duties Act 1988 (“the Act”), the Minister of Commerce gives the following notice.
Notice
- Title—(1) This notice may be cited as the Final Determination and Imposition of Anti-Dumping Duty and Retrospective Measures: Refined Sugar From the Netherlands, Belgium and Denmark, Amendment No. 1.
(2) This notice shall come into force on the day after the date on which it is published in the Gazette.
- Anti-dumping duty amended—(1) The notice given by the Minister of Commerce entitled “Final Determination and Imposition of Anti-Dumping Duty and Retrospective Measures: Refined Sugar From the Netherlands, Belgium and Denmark” dated 7 June 1989 and published in the Gazette of 15 June 1989 (“the principal notice”) is hereby amended by omitting the Schedule and substituting the Schedule to this notice.
(2) For the purposes of duty payable on importations of sugar to which the principal notice relates which were purchased prior to the day on which this notice comes into force, the principal notice shall apply as if this notice had not been given.
Schedule
Formula for Calculation of Amount of Anti-Dumping Duty
The anti-dumping duty to be charged, collected and paid pursuant to this notice shall be, in respect of each importation of the goods, the lesser of the amounts A and B calculated in accordance with the following formulae:
A = [(RSP × 1.05) + $NZ145] – Export Price
B = Normal Value – Export Price
where—
“RSP” is the Raw Sugar Price per tonne, to be established as at the London time of sale of the imported refined sugar, and being:
(a) The London Daily Price for raw sugar established on a cost/insurance/freight (CIF) basis each London market day as published by the London Futures and Options Exchange; and
(b) Converted to a Free on Board and Stowed (FOBS) basis by deducting the Caribbean/UK freight rate set for that day as published by the London Futures and Options Exchange; and
“Export Price” is the price paid or payable per tonne of the imported sugar;
“Normal Value” in relation to refined sugar imported from one of the countries listed below, is the value listed beside the name of that country:
| Country of Origin | Normal Value |
|---|---|
| Belgium | US$747 per tonne |
| Denmark | US$824 per tonne |
| The Netherlands | US$741 per tonne |
Where either formula specified above yields a value for A or B of zero or less then no anti-dumping duty is payable.
Note
All amounts expressed in units of currency other than New Zealand dollars shall be converted to New Zealand dollars for the purposes of applying this formula (for example, the Raw Sugar Price is quoted in US dollars per tonne). The exchange rate applicable for converting any such unit of currency into NZ Dollars shall be the rate, as gazetted by the New Zealand Customs Department in the appropriate Customs Exchange Rate Notice, applying at the London time of sale.
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VUW Te Waharoa —
NZ Gazette 1990, No 18
NZLII —
NZ Gazette 1990, No 18
✨ LLM interpretation of page content
📰 Availability of the New Zealand Gazette
📰 NZ GazetteSubscription, Government Bookshops, Publication Schedule
🏭 Appointment of Member to the Commerce Commission
🏭 Trade, Customs & Industry29 January 1990
Commerce Commission, Restrictive Trade Practices, Mergers, Takeovers, Prices, Controlled Goods
- Edward Allan Hudson, Appointed Associate Member of the Commerce Commission
- David Butcher, Minister of Commerce
🏭 Final Determination and Imposition of Anti-Dumping Duty and Retrospective Measures: Refined Sugar From the Netherlands, Belgium and Denmark, Amendment No. 1
🏭 Trade, Customs & IndustryAnti-Dumping Duty, Refined Sugar, Netherlands, Belgium, Denmark, Trade Practices, Import Regulations
- Minister of Commerce