THE CUSTOMS TARIFF AMENDMENT ACT 1997 BERMUDA 1997 : 4 THE CUSTOMS TARIFF AMENDMENT ACT 1997

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BERMUDA 1997 : 4 THE CUSTOMS TARIFF AMENDMENT ACT 1997 [Date of Assent 20 March 1997] [Operative Date 19 February 1997] WHEREAS it is expedient to amend the Customs Tariff Act 1970: Be it enacted by

1 BERMUDA 1997 : 4 THE CUSTOMS TARIFF AMENDMENT ACT 1997 [Date of Assent 20 March 1997] [Operative Date 19 February 1997] WHEREAS it is expedient to amend the Customs Tariff Act 1970: Be it enacted by The Queen's Most Excellent Majesty, by and with the advice and consent of the Senate and the House of Assembly of Bermuda, and by the authority of the same, as follows: Short title 1 This Act may be cited as the Customs Tariff Amendment Act Interpretation 2 In this Act "the Act" means the Customs Tariff Act 1970; "column", unless the context requires otherwise, means column of the First Schedule to this Act; "the commencement date" means 19 February 1997; "the Customs Tariff" means the rates of duty and other provisions specified in the five Schedules to the Act, as having effect under the Act. 1

2 Amendment of First Schedule of Customs Tariff 3 (1) The rates of duty respectively imposed by the Customs Tariff immediately bee the commencement date on the items specified in column 1 cease to have effect. (2) On and after the commencement date (a) the rates of duty respectively specified in column 3 have effect in respect of the abovementioned items specified in column 1 as described in column 2; (b) the new items, and respective rates of duty, set th in the Second Schedule to this Act m part of the First Schedule of the Customs Tariff, each in its proper numerical place; and (c) the items specified in the Third Schedule to this Act are deleted from the First Schedule of the Customs Tariff; and that Tariff stands amended accordingly. Amendment of Fifth Schedule of Customs Tariff 4 The Fifth Schedule of the Customs Tariff is amended in the respects specified in the Fourth Schedule to this Act. Commencement 5 This Act is deemed to have come into operation on the commencement date. 2

3 FIRST SCHEDULE (Sections 2, 3(1) and (2)(a)) Amendments to Existing Items in the First Schedule to the Customs Tariff Act Resins and chemicals of a kind used the manufacturing of paints and varnishes value 5.00% Articles of leather, saddlery and harness, travel goods, handbags and similar containers, articles of animal gut (excluding shoes) value 6.50% Paper use in the printing industry value 0.00% Printed books, newspapers, journals and periodicals, brochures or leaflets promoting overseas travel and printed material connected with other imported goods value 0.00% 3

4 Other printed matter, including printed pictures and photographs value 22.25% Articles of apparel and clothing accessories of pure natural fibre value 2.50% Statuettes and other ornamental ceramic articles value 6.50% Glassware of a kind used table, kitchen, toilet, office, indoor decoration or similar purposes value 6.50% Natural or cultured pearls, precious or semi-precious stones, coral, precious metals and articles thereof value 6.50% Imitation jewellery value 6.50% Ships, boats and floating structures (unless elsewhere specified) value 33.50% 4

5 Fittings vessels value 33.50% Paintings, drawings and pastels (framed or unframed), original engravings, prints and lithographs; original sculpture and statuary in any material value 8.50% 5

6 SECOND SCHEDULE (Section 3(2)(b)) New Items added to the First Schedule to the Customs Tariff Act Gas oils supplied to the Bermuda Hospitals Board l Printing machinery value 15.00% Vessels the transport of persons hire or reward which the Director of Marine and Ports and the Collector of Customs are satisfied will be used only commercial tours or commercial diving purposes value 10.00% 6

7 THIRD SCHEDULE (Section 3(2)(c)) Items deleted from the First Schedule to the Customs Tariff Act Fittings vessels which the Director of Marine and Ports and the Collector of Customs are satisfied will be used only commercial tours or charter fishing value 22.25% Sailing vessels, assembled or in kit m, of a class approved by the Minister class yacht racing value 33.50% Specialised fittings of vessels in Item No value 22.25% 7

8 FOURTH SCHEDULE (Section 4) Amendments to the Fifth Schedule to the Customs Tariff Act 1970 In section K A Delete item 13. B C Delete the statement of the exempted matters in item 20 and substitute the following statement "All telecommunications equipment, apparatus and machinery required use by Cable and Wireless Ltd ("the Company") in the renewal, provision, operation, repair or extension of the Company's telecommunications installations, subject to the following provisos (a) no exemption is granted in the case of any item to be installed on premises not owned by the Company (unless a waiver is granted by the Minister of Finance in consultation with the Minister responsible Telecommunications); (b) no article imported and exempted from duty shall be sold or otherwise disposed of in Bermuda unless the duty shall first have been paid.". Insert the following new items, each in its proper numerical place "Jewellery 20B Gem stones, natural or cultured pearls, precious or semi-precious stones, precious metals and articles thereof if exported to the supplier within 30 days from the day of importation, on bond being furnished to the Collector of Customs that, in the event of sale or disposal locally, the duty ordinarily payable will be paid. 8

9 D TeleBermuda 31A All telecommunications International equipment, apparatus and Ltd. machinery required use by TeleBermuda International Ltd ("the Company") in the renewal, provision, operation, repair or extension of the Company's telecommunications installations, subject to the following provisos (a) no exemption is granted in the case of any item to be installed on premises not owned by the Company (unless a waiver is granted by the Minister of Finance in consultation with the Minister responsible Telecommunications); (b) no article imported and exempted from duty shall be sold or otherwise disposed of in Bermuda unless the duty shall first have been paid.". Delete the statement of the exempted matters in item 44 and substitute the following statement "Fire engines, other fire-fighting equipment and fire-fighting supplies imported by the Government or by a municipal fire-fighting service use in fighting fires.". 9

BERMUDA 1995 : 13 STAMP DUTIES AMENDMENT ACT 1995

The Laws of Bermuda Annual Volume of Public Acts 1995 : 13 BERMUDA 1995 : 13 STAMP DUTIES AMENDMENT ACT 1995 [Date of Assent 22 March 1995] [Operative Date 15 February 1995] WHEREAS it is expedient to