ANNOUNCEMENT 05 Apr 2012In April 2012, the government of New Zealand announced a change in import formalities.
NUMBER OF INTERVENTIONS
Customs and Excise Amendment Act of 2012 (in English), http://www.legislation.govt.nz/act/public/2012/0025/latest/DLM3203606.html
Ernst & Young's Trade Watch (in English), http://www.ey.com/Publication/vwLUAssets/TradeWatch-June_2012/$FILE/YY2706_TradeWatch_June_2012.pdf
On 5 April 2012, New Zealand adopted the Customs and Excise Amendment Act of 2012 which introduces much higher penalties for materially incorrect import entries. Previously, the maximum penalty was NZD 50 per entry. The new maximum amounts to NZD 10,000 per entry.