CUSTOMS (DUTY FREE SHOPS) (AMENDMENT) REGULATIONS 2014 (Legal Notice 11 of 2014) ARRANGEMENT OF REGULATIONS REGULATION
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Citation and commencement Regulation 5 amended
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CUSTOMS (DUTY FREE SHOPS) (AMENDMENT) REGULATIONS 2014 (Legal Notice 11 of 2014) MADE by the Minister under section 67 of the Customs Ordinance.
Citation and Commencement 1. These Regulations may be cited as the Customs (Duty Free Shops) (Amendment) Regulations 2014 and shall come into force on 1st April 2014.
Regulation 5 amended 3. Regulation 5 of the Customs (Duty Free Shops) Regulations is amended by substituting for paragraph (b) the following paragraph— “(b) of ten per centum of the value of duty free goods on importation in relation to the following class or description of goods— (i) jewellery, including platinum, gold, silver, silver plated, gold plated, with or without gemstones or semi-precious stones, of a minimum value of $200; (ii) cologne and perfumes of a minimum value of $40; (iii) chinaware of a minimum value of $100; (iv) watches of a minimum value of $100; (v) sunglasses of a minimum value of $150; (vi) writing instruments of a minimum value of $30; and (vii) leather items of a minimum value of $50.”.
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MADE this 21st day of March 2014.
CHARLES WASHINGTON MISICK MINISTER OF FINANCE, TRADE AND INVESTMENT
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EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations seek to amend regulation 5 (b) of the Customs (Duty Free Shops) Regulations to prescribe the minimum value of non alcohol or tobacco goods which qualify for a ten per centum royalty to be paid by the operator of a duty free shop
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