Section 3Part 0 —
Sum equivalent to duty and tonnage tax to be payable in certain events
←→ Navigate · Click subsection badges to collapse · Press ? for help
Where any materials or accessories in relation to which drawback has been paid under section 2, are sold or otherwise disposed of within three years of their importation for use for any purpose other than those referred to in that section, the person by whom such material or accessories are sold or otherwise disposed of shall forthwith pay to the Collector of Customs a sum equivalent to the import duty and to tonnage tax which would have been payable on such materials or accessories at the time of their importation into the Islands if this Law had not been enacted, by the importer of such materials or accessories as the case may be.
Any sum payable to the Collector of Customs under subsection (1) shall be recovered by information as a civil debt.
Where any outboard motor is imported solely for the purpose of providing motive power to a boat which is exclusively used for commercial fishing or for any purpose connected with the plying for hire of tourists, section 2 shall apply.
Cross References
- Section 2 of Marine Industry Import Duty And Tonnage Tax Drawback Act
drawback paid under section 2