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Tariff quotas- certain wool worsted and wool blend yarns



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NEWS RELEASE 78/31 BACA

TARIFF QUOTAS - CERTAIN WOOL WORSTED AND WOOL BLEND YARNS

The Minister for Industry and Commerce, Mr Phillip lynch and the

Minister for Business and Consumer Affairs, Mr Val Fife, today

announced that tariff quotas would be introduced, from 1 March 1978

on imports of wool worsted y a m s falling to tariff item 53*07.910 (31)

and wool blend y a m s falling to tariff item 56.05.310.

The introduction of tariff quotas on these y a m s was in accordance

with the Government’s announcement of 17 November 1977 that tariff

quotas would be introduced should imports over a progressive 12

month period exceed 1.3 million kg for three consecutive months.

This level had been exceeded for the 12 month periods ended 31

December 1977* 31 January 1978 and 28 February 1978.

The annual quota level for these y a m s would be 1.1 million kg with

an additional duty of $2.50 per kg for above quota imports and the

base period for individual importers' tariff quota entitlements would

be the 12 months period ending 30 November 1977ยป .

Initial quota allocations would be for the six months period beginning

1 March 1978 and would have a validity of 12 months.

Ministers also said that 15 per cent of the six months equivalent of

the quota level for these y a m s would be reserved for cases involving

anomalies.

Administrative arrangements will be announced in a Bureau of Customs

Notice by the Department of Business and Consumer Affairs as soon a,s

possible.

CANBERRA, A.C.T.

3 April 1978