Parliament called on to fix custom duty error
The House of Representatives was yesterday called on to fix an error which resulted in custom duties being applied to certain items.
The items include goods used by a licensed hotel or resort cottages and certain kinds of corn.
Finance Minister Dr Peter Phillips explained that a five per cent custom duty was inadvertently imposed on the items.
Yesterday, he moved a resolution in the parliament to correct the mistake.
The new zero rate will take effect on January 1, 2014.
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