The Customs (Korean Rules of Origin) Regulation 2014 was registered on 3 November 2014. It prescribes matters relating to the rules of origin that are required to be prescribed under new Div 1J of Pt VIII of the Customs Act 1901.
The Customs Amendment (Korean Rules of Origin) Regulation 2014 was also registered on 3 November 2014. It amends the Customs Regulations 1926 to prescribe new refund circumstances in respect of goods imported into Australia from Korea to fulfil obligations under the Agreement. The Agreement allows for refunds of customs duty to be paid in respect of Korean originating goods that are imported into Australia.
[LTN 213, 4/11/14]