Singapore legislation
Clause 5
Clause 5
Amendment of section 21
Subsection (8) of section 21 of the Customs Act is hereby amended —
(a)
by deleting the expression “and also to take account of the definition of “value” in subsection (1) of section 3 of this Act” appearing in the sixth, seventh and eighth lines of paragraph (b) thereof; and
(b)
by deleting paragraph (c) thereof and substituting therefor the following: —“(c)the rate of exchange to be used for determining the equivalent in Singapore currency of any foreign currency shall be the current selling rate in Singapore at the time when customs duty is paid.”.