Import & Export Tari.. - PNG Customs Service

“LNG Project Goods and Consumables” means goods and consumables:-(a) that are imported into Papua New Guinea for or by the PNG LNG Companies to be solelyused or consumed by the LNG Project in connection with the initial construction of theLNG Project, provided that the goods and consumables are specifically for theconstruction of or preparation of gas operations as defined in the Income Tax Act 1959except for goods and consumables that are in the nature of prohibited imports andprohibited exports as defined under the Customs(Prohibited Imports) Regulation(Chapter 101) and Customs (Prohibited Exports) Regulation (Chapter 101); or(b) that are imported into Papua New Guinea for or by the PNG LNG Companies to be solelyused or consumed by the LNG Project in any subsequent phase of the LNG Project wherethe total project costs exceeds USD50 million (or equivalent) as provided in the PNGLNG Gas Agreement, provided that the goods and consumables are specifically for theconstruction of or preparation of gas operations as defined in the Income Tax Act exceptgoods and consumables that are in the nature of prohibited imports and prohibited exportsas defined under the Customs (Prohibited Imports) Regulation (Chapter 101) andCustoms (Prohibited Exports) Regulation (Chapter101).(2) Not withstanding any other provision of this Act, no bond, rate, tax, excise, rent, charge, due, fee, duty,withholding, tariff, or other levy or impost shall be applied or payable in respect of the export of LNGProject Petroleum by an LNG Project Company or any customer of an LNG Project Company.(3) Not withstanding any other provision of the Act, no bond, rate, tax, excise, rent, charge, due, fee, duty,withholding, tariff, or other levy or impost shall be applied or payable under this Act by the LNG ProjectCompanies or any of their Affiliates or any person engaged by an LNG Project Company pursuant to awritten agreement on the import, export, use or movement of LNG Project Goods and Consumables to beused or consumed for or by the LNG Project in connection with:-(a) the initial construction; or(b) any subsequent phase or the project whose total cost exceeds USD 50 million orequivalent.PART V - PROHIBITED IMPORTS AND EXPORTS.11. PROHIBITED IMPORTS.Subject to the provisions contained in the Customs (Prohibited Imports) Regulation, where import duty payableunder Section 2 has not been paid on any goods, these goods are prohibited imports within the meaning of theCustoms Act (Chapter 101).12. PROHIBITED EXPORTS.Subject to the provisions contained in the Customs (Prohibited Exports) Regulation, Export (DesiccatedCoconut Regulation), Export (Fish) Regulation and the Exports (Control and Valuation) Act (Chapter 108),where export duty payable under Section 4 has not been paid on any goods, those goods are a prohibited exportwithin the meaning of the Customs Act (Chapter 101).PART VI.- REPEAL AND SAVING.13. REPEAL.The Acts specified in Schedule 3 are repealed.14. SAVING.(1) In this section, "the repealed Act" means the Acts specified in Schedule 3.(2) All import and export duties of Customs chargeable, collectable and payable under the repealed Actswhich, at the date of coming into operation of this Act, had not been charged, collected, and paid, shall,notwithstanding the coming into operation of this Act, in so far as not charged, collected and paidcontinue to be chargeable, collectable, and payable.PART VII.- MISCELLANEOUS.15. REGULATIONS.The Head of State, acting on advice, may make Regulations not inconsistent with this Act, prescribing allmatters that are required or permitted to be prescribed or that are necessary or convenient to be prescribed forcarrying out or giving effect to this Act, and in particular for prescribing penalties of fines not exceeding K1,000.00 for offences in violation of the regulations.