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Customs & April 2, 2012 Ottawa restores duty-free status of certain fuel inputs In its 2012 Budget the Federal Government proceeded to amend the Customs Tariff to restore the duty-free status of certain imported fuels used as manufacturing inputs in energy and electricity production. The following is an excerpt from budgetary documents: Trade Measures to Support the Energy Industry Economic Action Plan 2012 proposes to restore the duty-free status of certain imported fuels used as manufacturing inputs in energy and electricity production. Canada's energy sector is a vital component of the Canadian economy. Recently, certain imported fuels used as manufacturing inputs in energy and electricity production became subject to a 5-per-cent tariff as a result of a Canada Border Services Agency ruling. Economic Action Plan 2012 proposes to restore the duty-free status of these inputs. Eliminating this tariff will lower business costs by $30 million annually, improve the competitiveness of the energy industry, including electricity generation in Newfoundland and Labrador, and maintain the Government's commitment to make Canada a tariff-free zone for industrial manufacturers. - - - - - - - - - - Notice of Ways and Means Motion to Amend the Customs Tariff That it is expedient to amend the Customs Tariff to provide among other things: 1. That the List of Tariff Provisions set out in the schedule to the Customs Tariff be amended to delete the reference to "Oils and preparations thereof, having a viscosity of 7.44 mm²/sec. or more at 37.8°C" in the Description of Goods of tariff item No. 2710.19.91 in order for these oils and preparations thereof to be classified under tariff item 2710.19.99 that provides for a Most-Favoured-Nation Tariff rate of customs duty of "Free". 2. That the List of Tariff Provisions set out in the schedule to the Customs Tariff be amended to delete the reference to "Oils and preparations thereof, having a viscosity of 7.44 mm²/sec. or more at 37.8°C" in the Description of Goods of tariff item No. 2710.20.10 in order for these oils and preparations thereof to be classified under tariff item 2710.20.90 that provides for a Most-Favoured-Nation Tariff rate of customs duty of "Free". (...) 6. That any enactment founded on sections 1 and 2 be deemed to have come into force on March 30, 2012. (...) Transport & |
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