Impact Publications : AirCargo_245
AirCArgo AsiA-PACifiC • OCT-NOVEMBER 2016 • Page 13 ANDrEW HuDsoN E: email@example.com introduced into Federal Parliament on 20 October 2016 with the intent that the rates of duty on relevant goods would be reduced to ‘free’, but only incrementally, not immediately. Again the DIBP has provided some details of the amendments and ‘stag- ing’ of reductions in DIBP 2016/36 to be found at http://www.border.gov.au/ Customsnotices/Documents/2016-36 . pdf This includes a ‘concordance’ of changes to tariff classifications to relevant goods based on the Hs 2017 changes as well as a table of ‘staging categories’ reflecting different levels of tariff reductions depending on tar- iff classifications. The process here would be to commence with the cor- rect tariff classification of the goods according to Hs 2017 and then apply the correct staging category so that the correct rates of duty would apply. The need for certainty As those in the supply chain would be aware, the DIBP (and the ABF) largely operates a self – assessment regime in which importers, exporters and their service providers are ex- pected to exercise due diligence and care in ensuring that their reporting is accurate and takes into account legislative and practice changes. In this case, if there are errors in report- ing through not adopting the Hs 2017 changes or Expanded ITA properly there are risks that transactions will be unable to be processed or be sub- ject to penalty or infringement notice and, at the least, will require amend- ment following audit. Further, with the Expanded ITA, errors could lead to overpayment or underpayment of Customs duty requiring additional financial adjustments. In all cases, this places a premi- um on ‘informed compliance’ and I would strongly recommend that parties review these changes in detail to ensure that necessary changes to practice and procedure are imple- mented to manage risks of non - compliance. Then we all need to get ready for the changes to the law val- ue threshold for GsT on 1 July 2017! 2017 World Cargo Symposium in Abu Dhabi is looking good IATA’s 11th World Cargo sympo- sium is expected to draw over a thousand industry stakeholders to Abu Dhabi from March 14-16. Etihad is the key sponsor and host airline. Venue will be the Abu Dhabi National Exhibition Centre (known locally as ADNEC), located about 20 minutes from downtown and 15 min- utes from the international airport. It is a centrepiece of the Capital Gate de- velopment which also includes hotels and office buildings. This year’s 10th World Cargo symposium was held in Berlin, with some 1100 participants. The event was judged a success by Glyn Hughes, IATA’s global head of cargo. It also generated very positive feedback from delegates and exhibitors. Explaining the choice of Abu Dhabi for the next symposium, Hughes noted the importance of having sufficient space, ready food and beverage services and accommodation close by, pointing to logistical difficulties at an earlier symposium where venue and accommodation were separated inconveniently. The selection of Abu Dhabi has been well received in the industry. Program for the event includes plenary sessions, specialised ‘tracks’, workshops and executive summits, as well as extensive networking. IATA has noted that there will be a strong emphasis on getting something done rather than just talking about it. Themes include technology and inno- vation, security and Customs, cargo operations and sustainability. The cargo symposium series at- tracts airline representatives, freight forwarders, airport executives, solution providers, ground handlers, regulators and media. On the web: www.iata.org/events/ wcs Swiss okays active tracking sWIss WorldCargo now allows the use of swiss-approved active tracking devices (ATDs) as of November 2016. Additionally, the carrier provides a 24/7 dedicated intervention team able to react to any deviation world wide based on ATD data. “This service is unique to swiss WorldCargo customers as it offers the trans- parency of real-time information and an intervention team that can influence transportation quality in real-time. Fully in line with the GDP and swiss WorldCar- go philosophy, this worldwide initiative will support the overall continuous ser- vice improvements required by the forwarders, shippers and the supply chain,” said Alain Guerin, head of Product, services and Technology Management. Air Safety Summit moves to Dublin THE FLIGHT safety Foundation will stage its 70th annual International Air safety summit (IAss) in Dublin, Ireland, Oct. 23-25, 2017. IAss was last held in Europe in 2010 in Milan, Italy. The Foundation’s European Adviso- ry Committee, along with its Interna- tional Advisory Committee, will take an active role in planning IAss 2017.