14.—(1) Subject to paragraph (2), the quota premium payable for a certificate of entitlement that is issued for a motor vehicle in any category of vehicle during any quota period specified in the public notice as a closed bidding period shall be —
(a)
an amount equal to the lowest proposal amount expressed in the successful applications for certificates of entitlement issued during that quota period in relation to that category of vehicle;
(b)
double the amount calculated in accordance with sub-paragraph (a) if the person to whom the certificate of entitlement is issued applies to register the motor vehicle as a business service passenger vehicle;
(c)
one-third of the amount calculated in accordance with sub-paragraph (a) if the motor vehicle is a motor cycle and the certificate of entitlement is issued before 8 May 2017 for a motor vehicle within the open category;
[S 214/2017 wef 08/05/2017]
(d)
80% of the amount calculated in accordance with sub-paragraph (a) if the motor vehicle is a taxi; or
[S 426/2003 wef 01/09/2003]
(e)
70% of the amount calculated in accordance with sub-paragraph (a) if the motor vehicle is a private hire car registered using a certificate of entitlement issued before 1st April 1998.
[S 426/2003 wef 01/09/2003]
[S 290/2001 wef 01/06/2001]
(1A) The quota premium payable for a certificate of entitlement that is issued for a motor vehicle in any category of vehicle during any quota period specified in the public notice as an open bidding period shall be —
(a)
the lower of either —
(i)
the amount equal to the sum of $1 and the highest unsuccessful proposal amount expressed in the applications for certificates of entitlement lodged during the open bidding period in relation to that category of vehicle; or
(ii)
the amount equal to the lowest proposal amount expressed in the successful application for certificates of entitlement issued during the open bidding period in relation to that category of vehicle;
(b)
one-third of the amount calculated in accordance with sub-paragraph (a) if the motor vehicle is a motor cycle and the certificate of entitlement is issued before 8 May 2017 for a motor vehicle within the open category;
[S 214/2017 wef 08/05/2017]
(c)
[Deleted by S 426/2003 wef 01/09/2003]
(d)
80% of the amount calculated in accordance with sub-paragraph (a) if the motor vehicle is a taxi;
[S 426/2003 wef 01/09/2003]
(e)
70% of the amount calculated in accordance with sub-paragraph (a) if the motor vehicle is a private hire car registered using a certificate of entitlement issued before 1st April 1998.
[S 426/2003 wef 01/09/2003]
[S 290/2001 wef 01/06/2001]
(1B) Where an exemption granted under the Road Traffic (Diplomatic and Consular Privileges) (Exemption) Order 2006 (G.N. No. S 506/2006) in respect of a motor vehicle has ceased to apply, the Registrar may, on the application by any person and subject to such conditions as the Registrar thinks fit, issue a certificate of entitlement in respect of the motor vehicle for a period of 5, 6, 7, 8, 9 or 10 years.
[S 137/2008 wef 24/03/2008]
(1C) The quota premium payable for any certificate of entitlement issued under paragraph (1B) for the period of 5, 6, 7, 8, 9 or 10 years shall be 50%, 60%, 70%, 80%, 90% or 100%, respectively, of the amount calculated in accordance with paragraph (1A)(a).
[S 137/2008 wef 24/03/2008]
(1D) Where the Registrar has issued a certificate of entitlement under paragraph (1B) in respect of a motor vehicle for a period of 5, 6, 7, 8 or 9 years, the certificate of entitlement for that motor vehicle shall not be further renewed.
[S 137/2008 wef 24/03/2008]
(2) Where a certificate of entitlement is used for the registration of a motor vehicle as an off-peak car under the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (R 5), the Registrar shall grant to the holder of the certificate a rebate of the whole or part of the quota premium paid for the certificate under paragraph (1), which rebate shall be determined in accordance with the following formula:
where T is equal to the sum of A, B and C, if the sum of A, B and C does not exceed the maximum rebate or, otherwise, the amount of the maximum rebate;
A is the amount of customs duties paid in respect of the motor vehicle under the Customs (Duties) Order (Cap. 70, O 4);
B is the quota premium payable under paragraph (1) for the certificate of entitlement for the motor vehicle;
C is the net additional registration fee as prescribed in rule 9(4) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules.
(3) For the purposes of paragraph (2), “maximum rebate” means the maximum rebate prescribed in rule 9(4) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules.
(4) Paragraph (1)(b) shall not apply to a business service passenger vehicle registered using a certificate of entitlement issued on or after 1st April 1998.