XN000022-1982-12-14 — Page 5

TUESDAY, DECEMBER 14, 1982

TRADERS REMINDED ABOUT IMPORT AND EXPORT DECLARATIONS

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MANY IMPORTERS AND EXPORTERS APPEAR TO BE WASTING THEIR MONEY UNNECESSARILY ON PENALTY CHARGES FOR NOT SUBMITTING IMPORT OR EXPORT DECLARATIONS WITHIN THE ALLOWED PERIOD OF 14 DAYS, A SPOKESMAN FOR THE CUSTOMS AND EXCISE DEPARTMENT SAID TODAY.

HE STRESSED THAT IMPORTERS AND EXPORTERS IN HONG KONG (INCLUDING INDIVIDUALS AND ORGANISATIONS NOT ENGAGED IN TRADE) ARE REQUIRED BY LAW TO SUBMIT IMPORT OR EXPORT DECLARATIONS COVERING ALL THE IR TRANSACTIONS (INCLUDING THOSE NOT FOR TRADE PURPOSES), OTHER THAN GOODS EXEMPTED UNDER REGULATION 3 OF THE IMPORT AND EXPORT (REGISTRATION) REGULATIONS, WITHIN 14 DAYS OF IMPORTATION OR EXPORTATION.

ANY IMPORT OR EXPORT DECLARATION SUBJECT TO PAYMENT OF AD VALOREM CHARGES SUBMITTED OUTSIDE THE PRESCRIBED PERIOD OF 14 DAYS WILL BE LIABLE TO PENALTY CHARGES WHICH RISE AFTER 2 MONTHS PLUS 14 DAYS TO A MAXIMUM OF $100 PER DECLARATION WHERE THE TOTAL VALUE OF THE GOODS DOES NOT EXCEED $20 000, AND TO A MAXIMUM OF $200 PER DECLARATION WHERE THE TOTAL VALUE OF THE GOODS EXCEEDS $20 000.

PROSECUTIONS MAY BE INITIATED AGAINST THOSE WHO, WITHOUT REASONABLE EXCUSE, FAIL TO LODGE THE NECESSARY IMPORT OR EXPORT DECLARATIONS.

THE SPOKESMAN SAID THAT MANY OF THE PENALTY AND PROSECUTION CASES COULD HAVE BEEN AVOIDED IF THE DECLARANTS HAD LODGED THE IMPORT OR EXPORT DECLARATIONS WITHIN THE TIME ALLOWED. DECLARANTS MAY CONTACT THE CUSTOMS AND EXCISE DEPARTMENT AT TELEPHONE NUMBERS 5-455118, 5-444674, 5-436560 AND 5-439372 IF THEY HAVE ANY ENQUIRIES ABOUT LODGEMENT OF IMPORT AND EXPORT DECLARATIONS, HE SAID.

$820 900 'LAI SEE' FOR NEEDY

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NEW YEAR +LAI SEE+ PACKETS OF $100 EACH WILL BE DISTRIBUTED TO MORE THAN 8 000 NEEDY PEOPLE THROUGHOUT THE TERRITORY FROM A LOCAL CHARITABLE FUND.

A TOTAL OF $820 900 HAS BEEN ALLOCATED FOR THE DISTRIBUTION BY THE MANAGEMENT COMMITTEE OF THE TANG SHIU-KIN/HO TIM CHARITABLE FUND TO 2 347 WIDOWS OR WIDOWERS WITH DEPENDENT CHILDREN AND ON PUBLIC ASSISTANCE, 5 380 RESIDENTS OF HOMES AND HOSTELS FOR THE ELDERLY AND 482 ELDERLY PATIENTS OF THE TUNG WAH GROUP OF

HOSPITALS.

/ON THURSDAY