Customs Duty (Most- Favoured-Nation Tariff) Act


Published: 1957-06-01

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Customs Duty (Most Favoured-Nation Tariff) Act
CUSTOMS DUTY (MOST FAVOURED-NATION TARIFF) [CH.297 – 1



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[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.

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