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Customs Duty (Most- Favoured-Nation Tariff) Act


Published: 1957-06-01

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CUSTOMS DUTY (MOST FAVOURED-NATION TARIFF) [CH.297 – 1

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– [Original Service 2001] STATUTE LAW OF THE BAHAMAS

CUSTOMS DUTY (MOST FAVOURED-NATION TARIFF) CHAPTER 297

CUSTOMS DUTY (MOST-FAVOURED-NATION TARIFF)

ARRANGEMENT OF SECTIONS

SECTION

1. Short title. 2. Interpretation. 3. Most-Favoured-Nation Tariff agreement and power to levy Most-Favoured

Nation Tariff. 4. Preferential duty in conjunction with Most-Favoured-Nation Tariff. 5. Coming into operation of terms of Most-Favoured-Nation Tariff Agreement.

CUSTOMS DUTY (MOST FAVOURED-NATION TARIFF) [CH.297 – 3

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– [Original Service 2001] STATUTE LAW OF THE BAHAMAS

CHAPTER 297

CUSTOMS DUTY (MOST-FAVOURED-NATION TARIFF)

An Act to authorise the levying of duties of customs specified in Most-Favoured-Nation Tariff Agreements.

[Assent 15th July, 1957] [Commencement 1st June, 1957]

1. This Act may be cited as the Customs Duty (Most- Favoured-Nation Tariff) Act.

2. In this Act, unless the context otherwise requires — “Most-Favoured-Nation Tariff Agreement” means an

agreement described in section 3 of this Act; “Government” means the Government of The Baha-

mas; “Most-Favoured-Nation Tariff” means a rate or

amount of customs duty specified in a Most Favoured-Nation Tariff Agreement in respect of a product imported into The Bahamas.

3. When the Government has made an Agreement with another State by which a reduced rate or amount of customs duty is specified in respect of a product of The Bahamas imported into that other State in reciprocation for a reduced rate or amount of customs duty in respect of a product of that other State imported into The Bahamas, customs duty shall, subject to the provisions of section 5 of this Act, be levied at such reduced rate or amount on the importation into The Bahamas, of such products —

(a) from that other State; and (b) from all states which are contracting parties to

an Agreement known as The General Agreement on Tariffs and Trade to which the Government is a party; and

(c) from all other states with which the Government has entered into Most-Favoured-Nation Tariff Agreements, instead of at the rate or amount of customs duty prescribed for such product by the Tariff Act, or any Act passed in amendment thereof or in substitution thereof.

34 of 1957 44 of 1959 G.N. 187/1964 E.L.A.O., 1974

Short title.

Interpretation.

E.L.A.O., 1974.

Most-Favoured Nation Tariff Agreement and power to levy Most-Favoured Nation Tariff.44 of 1959, s. 2; E.L.A.O., 1974.

Ch. 295.

CH.297 – 4] CUSTOMS DUTY (MOST FAVOURED-NATION TARIFF)

STATUTE LAW OF THE BAHAMAS [Original Service 2001]

4. When a Most-Favoured-Nation Tariff Agreement specifies a preferential rate, amount or margin of customs duty in conjunction with a Most-Favoured-Nation Tariff, such preferential rate, amount or margin of duty, as the case may be, shall, subject to the provisions of section 5 of this Act, be allowed instead of the preferential rate, amount or margin of customs duty, as the case may be, allowed by the Tariff Act, or any Act passed in amendment thereof or in substitution therefor.

5. It shall be lawful for the Governor-General by Order to declare the date from which the terms of any Most-Favoured-Nation Tariff Agreement shall become effective in The Bahamas.

Ch. 295.

Preferential duty in conjunction with Most- Favoured-Nation Tariff.

Coming into operation of terms of Most- Favoured-Nation Tariff Agreement. G.N. 187/1964 s. 13.