Bridgestone Remission Order

Link to law: http://laws-lois.justice.gc.ca/eng/regulations/SI-89-51/FullText.html

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Bridgestone Remission Order

SI/89-51FINANCIAL ADMINISTRATION ACT
Registration 1989-01-18
Order Respecting the Remission of Customs Duties and a Portion of the Federal Sales Tax on Tires
P.C. 1988-2945 1988-12-30Her Excellency the Governor General in Council, considering that it is in the public interest to make the annexed remission Order, is pleased hereby, on the recommendation of the Minister of Finance, the Minister of Regional Industrial Expansion and the Treasury Board, pursuant to section 23 of the Financial Administration Act, to make the annexed Order respecting the remission of customs duties and a portion of the federal sales tax on tires.Short Title

1 This Order may be cited as the Bridgestone Remission Order.

Interpretation

2 In this Order, tires means all tires with the exception of solid press-on tires; solid pneumatic-shaped tires; pneumatic tires for forklift trucks and off-the-road bias ply tires in sizes greater than 11.00 × 24.

Remission of Customs Duty

3 Subject to section 5, remission is hereby granted of the customs duties paid or payable under the Customs Tariff on tires imported by, or any company associated with, Bridgestone/Firestone Canada Inc., during the period commencing on May 1, 1988 and ending on December 31, 1997.
SI/92-116, s. 1.

Remission of Sales Tax

4 Subject to section 5, remission is hereby granted of the sales tax paid or payable under the Excise Tax Act on the goods for which customs duty is remitted by this Order, in an amount equal to the difference between

(a) the amount of sales tax paid or payable on the goods; and
(b) the amount of sales tax that would be payable in respect of the goods if the duty paid value used to calculate the sales tax on the goods were reduced by the amount of the remission of customs duty granted under this Order.

Conditions

5 The remission referred to in section 3 is granted on condition that

(a) Bridgestone/Firestone Canada Inc. continues to be a manufacturer of tires in Canada;
(b) remission of customs duty shall not exceed $1.1 million for the five month period commencing on May 1, 1988;
(c) remission of customs duty shall not exceed $7.7 million for each of the four twelve month periods commencing on October 1, 1988; and
(d) a claim for remission is made to the Minister of National Revenue within two years after the date of importation of the goods for which remission is claimed.

SI/92-116, s. 2.