1965-HKRS30-8-56_Part03 — Page 43

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Explanatory Note.

(This Note is not part of the regulations bur is intended

to Indicate their general purport).

These regulations revoke, and replace with similar provisions, the Registra tion (Imports and Exports) Regulations (Laws of Hong Kong, Vol. VIII, p. 304, save as follows:---

1. By regulation 7 a charge is levied in respect of each import declaration and export declaration lodged with the Director of Commerce and Industry. Except in the case of import declarations relating to articles classified under section 0 (Food and Live Animals) of the Hong Kong Imports and Exparts Classification List where the charge is at the flat rate of $2 per declaration, the charge is calculated on the value of the goods declared in the declaration at the rate of $2 for the first $4,000 value and 50 cents for each additional $1,000 value or part thereof, This is in place of the $2 stamp duty hitherto payable. Verification of particulam given in declarations may be called for (reg. 8), and where, by undervaluing goods, less than the appropriate charge is paid, the balance, together with a penalty not exceeding twenty times the balance, may subsequently be demanded, subject however to an appeal to the Governor in Cound) (reg. 9).

2. Regulation 3 specifies the goods that are exempted from the require ment to lodge declarations, some of which are new exemptions. The exemption relating to articles sent by post is preserved except in the case of packets the contents of which amount to $4,000 or more în value.

3. The provisions in the revoked regulations requiring the transfer of

control of ships or aircraft and the quantities of certain goods in warehouses

and similar places to be notified to the Director are omitted.

漆 By regulation 12 certain protection from disclosure of information and

documents obtained under these regulations is conferred.

3. Penaltica for offences under the regulations are more specifically deal!

with, and in some cases increased.

6. Other changes, of less significance, are made.

(Secretariat FIN[2/3231/61)

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