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New Zealand: Significant penalty increase for incorrect import entries

Description

On 5 April 2012, New Zealand adopted the Customs and Excise Amendment Act of 2012 which introduces much higher penalties for materially incorrect import entries. Previously, the maximum penalty was NZ...

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Intervention Details

Intervention Type

Import-related non-tariff measure, nes

MAST Chapter

Instrument unclear

Implementation date

05 Apr 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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