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FRIDAY, JUNE 21, 1991
IN THE MEDIUM TO LONG TERM THE DIVERSION OF CONTAINER VESSELS FROM THE STREAM TO TERMINALS WAS INEVITABLE BECAUSE OF OPERATIONAL RESTRICTIONS CAUSED BY INFRASTRUCTURE DEVELOPMENT AND BECAUSE THE BUOYAGE SYSTEM WAS EXPECTED TO REACH FULL CAPACITY BY 1996.
HE SAID WHILST THE TERMINAL OPERATORS WOULD CLEARLY HAVE LIKED THIS DIVERSION TO TAKE PLACE EARLIER, THIS COULD ONLY BE ACHIEVED BY IMPOSING ARTIFICIAL RESTRAINTS ON .MID STREAM OPERATIONS, SOMETHING THE BOARD DID NOT RELIEVE WAS IN THE PUBLIC INTEREST.
IN THE MEANTIME, SHORT TERM LAND SUPPORT FOR MID STREAM OPERATIONS SHOULD BE PHASED OUT AND LAND WITH A MORE PERMANENT TENURE PHASED IN.
LEVEL OF DUTY-FREE FUEL FOR GOODS VEHICLES TO BE REGULARISED
OUT THE RATE OF DUTY-FREE
FROM
A NEW SET OF REGULATIONS SETTING CONCESSION FOR FUEL IN THE FUEL TANKS OF GOOD VEHICLES ARRIVING CHINA WILL COME INTO EFFECT ON AUGUST 1, A GOVERNMENT SPOKESMAN TODAY (FRIDAY).
SAID
THE DUTIABLE COMMODITIES (AMENDMENT) REGULATIONS 1991, WHICH ARE GAZETTED TODAY ARE DESIGNED TO PUT AN END TO AN ABUSE BY SOME DRIVERS OF GOODS VEHICLES WHO BRING IN LARGE QUANTITIES OF DUTY-FREE FUEL PROM CHINA FOR RESALE IN HONG KONG, THE SPOKESMAN SAID.
AT PRESENT, FUEL IN WHATEVER QUANTITY IN THE FUEL TANKS OF ANY VEHICLES ARRIVING FROM CHINA IS EXEMPT FROM DUTY.
"AS THE RETAIL PRICE OF DIESEL IN HONG KONG IS CURRENTLY 50 PER CENT HIGHER THAN THAT IN CHINA, SOME CROSS-BORDER GOODS VEHICLES, PARTICULARLY DUMP TRUCKS, HAVE BEEN DELIBERATELY FITTED WITH ENLARGED FUEL TANKS SO AS TO BRING IN LARGE QUANTITIES OF DUTY-FREE DIESEL FOR RESALE IN HONG KONG, THE SPOKESMAN SAID.
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IT IS ESTIMATED THAT REVENUE LOSS TO $72 MILLION A YEAR.
·
THE GOVERNMENT IS ABOUT
UNDER THE NEW REGULATIONS, THE RATE OF DUTY-FREE CONCESSION FOR A GOODS VEHICLE WITH CYLINDER CAPACITY BELOW 3,000 CUBIC CM IS SET AT 100 LITRES, THAT FOR VEHICLES WITH CYLINDER CAPACITY BETWEEN 3,000 CUBIC O'M AND 10,000 CUBIC ON IS 200 LITRES AND THAT FOR GOODS VEHICLES WITH OVER 10,000 CM CYLINDER CAPACITY, 300 LITRES,
"WHEN SETTING THE RATE OF DUTY-FREE CONCESSION, THE GOVERNMENT HAS TAKEN INTO ACCOUNT THE RESULTS OF A SURVEY TO ASCERTAIN THE USUAL FUEL TANK CAPACITY OF GOODS VEHICLES, HE SAID.
"FUEL IN THE NORMAL-SIZE FURL CONTINUE TO BE EXEMPT FROM DUTY AS EXCEED THE DUTY-FREE CONCESSION.
TANKS OF GOODS VEHICLES WILL THE QUANTITY OF FUEL WILL NOT
/"THE FUEL
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