Regulation 18H Value of goods where there is a change in the goodsF1
Where regulation 18G applies, the value of the goods for the purposes of import duty is to be determined by reference to the quantity of the goods declared for the free zone procedure—
which, in accordance with a notice published by HMRC, are to be treated as present in the processed goods; and
for which import duty is incurred.
HMRC must publish a notice specifying the methods for determining the matters referred to in paragraph (1) and may make different provision for different cases.
Annotations
Textual amendments
- F1
Pt. 4 Ch. 1 Section 2 inserted (8.11.2021) by The Free Zones (Customs, Excise and Value Added Tax) Regulations 2021 (S.I. 2021/1156), regs. 1, 3(13)
Notes on Chapter 1
Modifications
- C1
Pt. 4 Ch. 1 applied (with modifications) (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 33; S.I. 2020/1643, reg. 2, Sch.