Customs Management (Promotion of Agriculture and Fisheries) Exemption and Rebate Regulations, 2014 (S.I. 118 of 2014)

[31st December 20141 Supplement to Official Gazette 202 s S.I. 118 of 2014 CUSTOMS MANAGEMENTACT (Act 22 of 2011) Customs Management (Promotion of Agriculture and Fisheries) Exemption and Rebate Regulations, 2014 In the exercise of the powers conferred by sections 270 and245 of the Customs Management Act,2}ll, the Minister of Finance, Trade and Investment hereby makes the following Regulations 1. These Regulations may be cited as the Customs Management (Promotion of Agriculture and Fisheries) Exemption and Rebate Regulations,2014 and shall come into operation on 1 st January 20 1 5. 2. In these Regulations, unless the context otherwise requires "cbpital equipment" means any equipment used solely in--t\e production or processing of agricultural gobds er commercial fishing activities, including the processing of fish products having a value of SR1000 or more and including consffuction materials, boat building materials, , refrigeration trucks and forklifts; "commercial motor vehicle" means any motor vehicle designed forthe transportation ofgoods and includes pi&-up trucks and dual or twin cabs; "inpu used in the production or proce algood; "minor operating equipment" means items of equipment used solely in the production or processing of agricultural goods or in the fishing Citation and cornmencement lnterpretation 2024 Supplement to Official Gazette [3lst December 2014],\ {" Exemption from customs duty Rebate of customs duty industry as the case may be and having a value of less than SR1000 peritem; "protective and safety equipment" means protective clothing, gloves and other items approved by the Ministry responsible forAgriculture and Fisheries. 3.(1) Goods imported as capital equipment, 'bart, protective and safety equipment to be used by persons engaged in agriculture and fisheries recognised by the 'Ministry responsible for Agriculture and Fisheries as endorsed by the Ministry responsible for Finance are exempted from customs duty. (2) An application for an exemption from customs duty under this regulation shall be accompanied by a Bill of Entry endorsedby an authorised officer ofthe Ministry ofFinance. 4.(1) There shall be a rebate of 50o/o of the applicable rate of the customs duty on importation of commercial motor vehicles by persons recognised by the Ministry responsible for Agliculture and Fisheries. (2) -- .. There shallbe arcbateof 5%o ofthe applicable rate of the customs duty on importation of inputs and minor operating equipment by persons recognised by the Ministry responsible for Agriculture and Fisheries. (3) An application for rebate from customs duty under this regulation shall be accompanied by a Bill of Entry endorsedby an authorised officer ofthe Ministry ofFinance. MADE this 31st dav of December. 2014. t PIERRE LAPORTE MINISTER OF FINANCE, TRADE AI\D INVESTMENT