XN000022-1976-01-26 — Page 4

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MONDAY, JANUARY 26, 1976

PENALTIES FOR LATE IMPORT AND EXPORT DECLARATIONS DOUBLED ******

PENALTIES FOR SUBMITTING LATE IMPORT AND EXPORT DECLARATIONS HAVE BEEN DOUBLED, THE COMMERCE AND INDUSTRY DEPARTMENT REMINDED TRADERS TODAY (MONDAY).

THE REVISED PENALTY, ANNOUNCED IN THE GOVERNMENT GAZETTE LAST FRIDAY, IS NECESSARY BECAUSE OF THE CONTINUING LARGE NUMBER OF DECLARATIONS WHICH ARE SUBMITTED LATE, COMPLICATING GREATLY THE TASK OF COMPILING ACCURATE TRADE STATISTICS.

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THE NEW PENALTY IS BETWEEN $10 AND $200 PER DECLARATION, DEPENDING ON THE VALUE OF THE GOODS AND THE LENGTH OF THE DELAY.

DETAILS OF THE REVISED REGULATION ARE AVAILABLE AT THE AD VALOREM CHARGES COLLECTION OFFICE OF THE COMMERCE AND INDUSTRY DEPARTMENT AT 46 CONNAUGHT ROAD CENTRAL, GROUND FLOOR, TEL. 5-242566 AND FROM THE D C AND I'S KOWLOON OFFICE AT ROOM NO. 610,664 NATHAN ROAD, 6/F, TEL. 3-960432.

IMPORTERS AND EXPORTERS ARE ALSO INFORMED ABOUT ANOTHER AMENDMENT UNDER THE IMPORT AND EXPORT (REGISTRATION) (AMENDMENT) REGULATION 1976.

THIS AMENDMENT EXEMPTS FROM AD VALOREM CHARGES TWO MORE CATEGORIES OF GOODS, NAMELY AIRCRAFT SPARES, IMPORTED OR EXPORTED BY AIRLINES FOR THE MAINTENANCE OR REPAIR OF THEIR AIRCRAFT- OR FOR NON-PROFIT-MAKING EXCHANGES BETWEEN AIRLINES FOR THE PURPOSE OF MAINTAINING INTERNATIONAL SERVICES- AND PARTS IMPORTED BY AIRLINES AND SHIPPING COMPANIES FOR THE REPAIR, OR MAINTENANCE, OF THEIR FREIGHT CONTAINERS.

LETTERS DESTROYED IN POSTING BOX FIRE

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THE POST OFFICE REPORTED TODAY THAT A NUMBER OF LETTERS WERE DAMAGED OR TOTALLY DESTROYED WHEN A FIRE BROKE OUT IN THE POSTING BOX ON THE CORNER OF ICE HOUSE STREET AND DES VOEUX ROAD CENTRAL SHORTLY AFTER 9 P.M. LAST FRIDAY (JANUARY 23).

A SPOKESMAN SAID THAT THE REASON FOR THE FIRE WAS NOT KNOWN.

HE ASKED PEOPLE WHO POSTED LETTERS IN THIS BOX BETWEEN 6.30 P.M. AND 9.09 P.M. LAST FRIDAY TO CONTACT THE SENIOR CONTROLLER OF POSTS (HONG KONG) ON 5-232516 TO VERIFY WHETHER THEIR POSTINGS ARE INTACT.