Singapore legislation
Clause 16
of Economic Expansion Incentives (Relief from Income Tax) Bill
Clause 16
Power and procedure for declaring an industry and a product an approved industry and an approved product
(1)
Subject to subsection (2) of this section, where the Minister is satisfied that the increased manufacture of the product of any industry would be of economic benefit to Singapore, he may, if he considers it expedient in the public interest to do so, by order, declare such industry to be an approved industry and the product thereof to be an approved product for the purposes of this Part of this Act.
(2)
Before making any order under subsection (1) of this section, the Minister shall —
cause a notice to be published in the Gazette setting out the order which it is proposed to make and inviting any person who may object to the making of such order to give notice in writing of his objection and the grounds thereof to the Minister on or before such date (not being a date less than thirty days from the date of publication of the notice) as may be specified in such notice; and
consider any objection which has been received pursuant to such notice.
(3)
The Minister may, if he considers it necessary, call for further particulars of the grounds of any such objection from any person who has given due notice of such objection.
(4)
The Minister may revoke any order made under this section but any such revocation shall not affect the operation of any expansion certificate issued to any expanding enterprise before such revocation.