Clause 4

The Customs Act is amended by inserting, immediately after section 22, the following sections: —“Value of imported and locally-manufactured motor spirit22A. For the purposes of this Act, the value of any grade of imported or locally-manufactured motor spirit with a trade mark or trade name shall be taken to be the price inclusive of customs duty for that grade with that trade mark or trade name prevailing in Singapore at retailers’ motor spirit pumps at the time when customs duty becomes payable.Value of motor spirit where variation in price22B. For the purpose of section 22A, if there is any difference in the price of a grade of motor spirit with the same trade name or trade mark the highest price inclusive of customs duty for that grade with that trade name or trade mark shall be taken to be the value of that grade of motor spirit.Value of motor spirit which is uncustomed, not retailed in Singapore under a trade name or where the retailers’ pump price is not available22C. Notwithstanding sections 22A and 22B, the value of any grade of motor spirit which is uncustomed or which is not being retailed in Singapore under a trade name or trade mark or which is being retailed in Singapore under a trade name or trade mark but the retailers’ motor spirit pump price is not available, shall be the highest price inclusive of customs duty for that grade regardless of trade names or trade marks prevailing in Singapore at retailers’ motor spirit pumps.Question as to price of motor spirit to be decided by Director-General22D. If any question arises as to the price of motor spirit at the retailers’ motor spirit pumps, the question shall be decided by the Director-General.”.