No. S 595
Customs Act
(Chapter 70)
Customs (Amendment No. 4) Regulations 2002
In exercise of the powers conferred by section 143(1) of the Customs Act, the Minister for Finance hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Customs (Amendment No. 4) Regulations 2002 and shall come into operation on 1st January 2003.
Amendment of regulation 143
2.  Regulation 143 of the Customs Regulations (Rg 2, 2002 Ed.) is amended by inserting, immediately after paragraph (3), the following paragraphs:
(4)  The holder of a licence issued under section 51 of the Act may apply to the Director-General during the period of his licence to vary the size of the area of the place specified in his licence for warehousing goods.
(5)  The holder referred to in paragraph (4) shall, if the area is increased, pay a fee or, if the area is decreased, be entitled to a refund, of an amount that is the difference between —
(a)the fee that is payable under the Second Schedule for the issue of a licence in respect of the total area for warehousing goods after the variation under paragraph (4); and
(b)the fee that has been paid for the issue or renewal of the current licence (as the case may be),
pro-rated according to the proportion which the remaining period of his licence (rounded to the nearest month) bears to the total period of his licence.”.
Amendment of Second Schedule
3.  The Second Schedule to the Customs Regulations is amended by deleting item 1 and substituting the following item:
1. Licence to warehouse —
(a) intoxicating liquors and tobacco; or
(b) all other dutiable goods except petroleum,
where the projected potential duty (in the case of an application for the issue of a licence) or the average past monthly duty (in the case of an application for renewal of a licence) is —
(i) $1 million or less
(ii) more than $1 million but less than $10 million
(iii) $10 million or more
In this item —
“projected potential duty” means the total customs and excise duties of the projected maximum quantity of goods that can be warehoused at any one time in the area of the place concerned.
“past average monthly duty” means the average of the total customs and excise duties of all goods warehoused in the area of the place concerned on the 1st day of each month during the period of 12 months (or, if the area has been used to warehouse goods for a shorter period, that shorter period) before the date of the application.]
[G.N. Nos. S 444/2002]

Made this 22nd day of November 2002.

Permanent Secretary,
Ministry of Finance,
[Customs (Conf) 0113/69/V17; MF(R) R30.4.0301 V6; AG/LEG/SL/70/2002/1 Vol. 2]
(To be presented to Parliament under section 143(2) of the Customs Act).