A

Section I to
Section XVI

Concession Reference Number 66 relates to goods that are re-entered into New Zealand after repair or alteration –

(1)

(a) in the territory of Singapore or a specified party to the Trans-Pacific Strategic Economic Partnership Agreement (TPA) that was opened for signature by Brunei Darussalam, Chile, New Zealand, and Singapore on 15 June 2005; and

(b) in accordance with Article 3.5 of that Agreement.

(2)

(a) in the territory of the Republic of Korea; and

(b) in accordance with Article 2.6 of KR.

Article 3.5 of the TPA, and Article 2.6 of the KR, provides that the Parties may not apply a customs duty to a good, regardless of its origin, that re-enters its territory after that good has been temporarily exported from its territory to the territory of another Party for repair or alteration, regardless of whether such repair or alteration could be performed in its own territory.

For the purposes of Article 3.5 of the TPA, and Article 2.6 of the KR, repair and alteration does not include an operation or process that:

(a) destroys a good’s essential characteristics or creates a new or commercially different good; or

(b) transforms an unfinished good into a finished good.

It should be noted that Article 3.5 of the TPA, and Article 2.6 of the KR, also provides that the parties may not apply a customs duty to a good, regardless of its origin, admitted temporarily from the territory of another party for repair or alteration.

However, such goods can be entered under existing temporary entry provisions.

Free

Free

66

301110A

10/17

..