Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


A New Defence for Smugglers?

Import News from the Importers Institute
19 January 2001 - A New Defence for Smugglers?

There may be a new defence against charges of smuggling. If caught, just claim that the rules are too complex.

An importer brings in a shipment of jackets worth $6,500 every month. A duty rate of 19% makes his annual duty bill almost $15,000. However, he would rather pocket that money himself. He finds a duty exemption for "inflatable life jackets". The only problem is that his jackets are neither inflatable nor life jackets. Yet he declares that they are, month after month.

Of course, he could get caught - Customs does examine the odd shipment. If this happens, he will learn that Section 204 of the Customs and Excise Act 1996 says, "Every person commits an offence who makes a declaration or a written statement under this Act that is erroneous in a material particular." The penalties are heavy.

In his defence, the smuggler could quote the example of the Hon Phillida Bunkle, the Customs Minister who, while owning a house in Wellington, declaring her residence to be Wellington for electoral purposes and campaigning at the last election on the basis that she lived in Wellington, signed declarations saying that she did not - and claimed $15,000 tax free out-of-town allowances.

The officials in charge of the trough say that they were right in transferring the money to the Minister's bank account. Do you think that the jacket smuggler would get off as lightly as the Minister in charge of administering the Customs Act?

* * * Previous Import News items are published on our Internet site http://www.importers.org.nz


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news