OpenLegislation

Division 4 For the purpose of this Section:

United Kingdom

Original text. Later amendments are not shown.

  1. (a)

    The importer shall be:

    1. (i)

      the legal or natural person to whom the economic ownership of the vessel or aircraft is transferred for the transactions referred to in paragraph 2(a);

    2. (ii)

      the legal or natural person who exercises economic ownership of the vessel or aircraft for the imports of vessels or aircraft following processing under contract;

    3. (iii)

      the legal or natural person who undertakes processing for the imports of vessels or aircraft with a view of processing under contract.

  2. (b)

    The exporter shall be:

    1. (i)

      the legal or natural person from whom the economic ownership of the vessel or aircraft is transferred for the transactions referred to in paragraph 2(b) and 2(c);

    2. (ii)

      the legal or natural person who exercises economic ownership of the vessel or aircraft for the exports of vessels or aircraft with a view of processing under contract;

    3. (iii)

      the legal or natural person who undertook processing for the exports of vessels or aircraft following of processing under contract.

At the request of the NSA, exporters and importers designated by that authority shall provide the statistical information in accordance with paragraph 3 or proof of incorrectness of such designation.