21 of 2014 customs (duty free shops) (amendment)(no 2) regs 2014

CUSTOMS (DUTY FREE SHOPS) (AMENDMENT) (NO. 2) REGULATIONS 2014 (Legal Notice 21 of 2014) ARRANGEMENT OF REGULATIONS REGULATION

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Citation and commencement Regulation 5 amended Repeal of Legal Notice 11 of 2014

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CUSTOMS (DUTY FREE SHOPS) (AMENDMENT) (NO. 2) REGULATIONS 2014 (Legal Notice 21 of 2014) MADE by the Minister under section 67 of the Customs Ordinance.

Citation and Commencement 1. These Regulations may be cited as the Customs (Duty Free Shops) (Amendment) (No. 2) Regulations 2014 and shall come into force on 1st July 2014.

Regulation 5 amended 2. Regulation 5 of the Customs (Duty Free Shops) Regulations is amended by substituting for paragraph (b) the following paragraph— “(b) of ten per centum of the value of duty free goods on importation in relation to the following class or description of goods— (i) jewellery, including platinum, gold, silver, silver plated, gold plated, with or without gemstones or semi-precious stones, except jewellery bearing the labels of Michael Kors, Swarovski and Pandora, of a minimum value of $100; (ii) cologne and perfumes of a minimum value of $15; (iii) chinaware of a minimum value of $40; (iv) watches of a minimum value of $75; (v) sunglasses of a minimum value of $75; (vi) writing instruments, except the ones bearing the label of Swarovski, of a minimum value of $30; and

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(vii) leather items, except the ones bearing the label of Guess and Land, of a minimum value of $50.�.

Repeal of Legal Notice 11 of 2014 3. The Customs (Duty Free Shops) (Amendment) Regulations 2014 (Legal Notice 11 of 2014) are repealed with effect from 1st April 2014.

MADE this 18th day of June 2014.

CHARLES WASHINGTON MISICK MINISTER OF FINANCE, TRADE AND INVESTMENT

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EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations seek to amend regulation 5 (b) of the Customs (Duty Free Shops) Regulations to re-prescribe the minimum value of non-alcohol or tobacco goods which qualify for a ten per centum royalty to be paid by the operator of a duty free shop. The Regulations also seek to repeal the prescribed minimum values which were made by Legal Notice 11 of 2014.

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