New Zealand Gazette – 1993 – No. 167

Page 3401

✨ Customs Notices



16 NOVEMBER CUSTOMS EDITION 3401

Extract from New Zealand Gazette, 11 November 1993, No. 166, pages 3363–3364

BUT WHERE either A or B yields a value 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, as are the normal values). The exchange rate applicable for converting any such unit of currency into New Zealand dollars shall be the rate as gazetted by New Zealand Customs in the appropriate Customs Exchange Rate Notice, applying at the date of importation.

Explanatory Note:
This notice is not part of the notice, but is intended to indicate its general effect.

This notice amends the principal notice given by the Minister of Commerce dated 7 June 1989 (as amended by the notice given by the Minister of Commerce dated 30 January 1990) by:

(a) Requiring the Raw Sugar Price to be determined by reference to the New York Coffee, Sugar & Cocoa Exchange instead of the London Futures & Options Exchange;

(b) Requiring the establishment of the Raw Sugar Price on the following basis:

(i) Where the refined sugar is purchased under a fixed price contract, then the Raw Sugar Price shall be that published by the New York Coffee, Sugar & Cocoa Exchange for its No. 11 contract spot price on the day preceding the date of the contract; or

(ii) Where the refined sugar is purchased under a variable price contract with the raw sugar component of the final contract price being variable according to the date the option to purchase is exercised, then the Raw Sugar Price shall be that published by the New York Coffee, Sugar & Cocoa Exchange for its No. 11 contract spot price on the day preceding the date of the exercise of the purchase option;

(c) Changing the conversion factor applying to the Raw Sugar Price from 1.05 to 1.035;

(d) Changing the amount of the cost difference in the formula from NZ$145 to NZ$182;

(e) Changing the amount of the normal value in the formula from US$741 to US$867.10 for The Netherlands, from US$747 to US$868.42 for Belgium, and from US$824 to US$857.76 for Denmark; and

(f) Amending the principal notice under section 25 (j) of the Acts Interpretation Act 1924 to correct the omission of goods exported from companies other than August Topfer and Co GMBH and Hottlet Sugar Trading NV.

DEPARTMENT OF INTERNAL AFFAIRS
TE TARI TAWHIO NO TE KAWANATANGA

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS:
GP PRINT LIMITED, WELLINGTON, NEW ZEALAND—1993

ISSN 0111-5650 Price $3.10c (incl. GST)
44170H—93A



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✨ LLM interpretation of page content

🏭 Reassessment of Anti-Dumping Duty on Refined Sugar From The Netherlands, Belgium and Denmark (continued from previous page)

🏭 Trade, Customs & Industry
3 November 1993
Anti-dumping duty, Refined sugar, Netherlands, Belgium, Denmark, Export, Trade regulation, Tariff