220 tal-1997

L.N. 220 of 1997

FEJ-:S ORDINANCE

(CAl'. JS)

J-' ccs (Refund of I>cposits) Regul at ions, 1997

IN ellercisc of the powe~ conferred by section 2 of the Fees

Ordinance. th e Minister of Finance and Commerce has made the

following regul at ions:-

These regu lat ions may be ci ted as the Fees (Refund o f

Deposits), Re gulat ions, 1997 and shall come into force on the 1st

January. 1998.

Subjel.1 to the other provisions ofthesc regulations there shall

be payable to the Comptroller o f CuStoms a fee of twO Maltese liri in

res pect of each deposit lodged with the Customs Dcpanment by

imponers to facilitate the release of their imports. in the absence of the

necessary imponruion documentation, and which fee is laler re funded

to the imponer on the presentation of the relative documents

Provided that such fee shal l not be payable where the deposit has

been lodged at the request ofme Comptroller of Customs for verification

or classification purposes which then result in the importer'S favour.

( I) When an importer appli es for the retention of a deposit

beyond the period of twelve months from the date of lodgement, the

Comptroller of Customs may grant a final extension of six months.

(2) When such an extension is granted there shall become

pa yable to the Comptroller of Customs. in addition 10 the fee specified

in regulation 2 hereof, interest at the mte of one per cent per month , or

pan thereof, on the amount of the depOSit, for the actual period of the

e~ lension up IOthe time of refund within the six month ex tension period..

The fee and interest respectively speci fied in regulations 2

and 3 hereof shall be deducted from the amount o f the deposit ru the

time of the refund.

Pruz 2c _ Prj"" 2c