Malaysian Palm Oil Board (Cess) (Oil Palm Fruit) (Amendment) Order, 2007

MALAYSIAN PALM OIL BOARD (CESS) (OIL PALM FRUIT) (AMENDMENT) ORDER 2007 PU(A) 343/2007 IN exercise of the powers conferred by section 35 of the Malaysian Palm Oil Board Act 1998[Act 582], the Minister after consultation with the Minister of Finance makes the following order: 8 October 2007 1. Citation and commencement (1) This Order may be cited as the Malaysian Palm Oil Board (Cess) (Oil Palm Fruit) (Amendment) Order 2007. (2) This Order comes into operation on 8 October 2007. 2. Amendment of paragraph 3 The Malaysian Palm Oil Board (Cess) (Oil Palm Fruit) Order 2007[P.U. (A) 200/2007], which is referred to as the "principal Order" in this Order, is amended by substituting for paragraph 3 the following paragraph: "Imposition of cess 3. (1) Subject to paragraph 6, where the monthly average price of crude palm oil exceeds RM1,500.00 per metric ton, any oil palm fruit producer shall pay to the Board a cess in respect of every metric ton to the nearest two decimal point of oil palm fruit produced by him at the rates determined by the Board. (2) Computation of the cess rates in subparagraph (1) is based on the formula as follows that is the Malaysian monthly average price of crude palm oil as published by the Malaysian Palm Board Oil RM1,500.00 x 0.02 x total of actual oil palm fruit produced.". 3. Deletion of Schedule The Schedule to the principal Order is deleted.