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Regulation 13 Sale of transporters: application of proceeds of sale

Original text. Later amendments are not shown.

The proceeds of any sale under section 37 of the Act shall be applied as follows, and in the following order:

(a)

in payment of any expenses reasonably incurred by the Secretary of State in connection with the detention and sale of the transporter, including the Secretary of State’s expenses in connection with the application to the court;

(b)

in payment of the penalties or (as the case may be) charges which the court has found to be due;

(c)

in payment of any duty (whether of customs or excise) chargeable on imported goods or value added tax which is due in consequence of the transporter having been brought into the United Kingdom;

(d)

where the transporter is an aircraft, in payment of any charge in respect of the aircraft which is due by virtue of regulations under section 73 of the Civil Aviation Act 1982;

and the surplus, if any, shall be paid to or among the person or persons whose interests in the transporter have, to the knowledge of the Secretary of State, been divested by reason of the sale.