MARSHALL ISLANDS: Import Duties (Amendment) Act, 2019

Meta Data
Draft: 
No
Revision of previous policy?: 
Yes
Effective Start Year: 
2019
Scope: 
National
Document Type: 
Act
Economic Sector: 
Energy, Power
Energy Types: 
Oil, Power
Issued by: 
Parliament of RMI
Source: 
Parliament of RMI
File: 
Import Duties (Amendment) Act, 2019
Overall Summary: 
The Import Duties (Amendment) Act, 2019 to amend 48 MIRC Chapter 2 by exempting import tax on certain commodities and other related purposes.
Trade
Import taxes and fee exemptions: 
(3) No import duty shall be levied on lubricating oil and diesel fuel oil imported by, for, or on behalf of, or sold to the Kwajalein Atoll Joint Utility Resource, Inc. (KAJUR) solely for the purposes of power generation. [...] (4) [...], the Marshall Islands Energy Company (MEC) shall be exempted from the payment of import duty tax on the import of all types of fuel into the Republic, including fuel imported for power generation and for commercial re-sale.