Singapore legislation
Clause 5
Clause 5
Consequential amendment to Free Trade Zones Act
The Free Trade Zones Act (Cap. 114) is amended —
(a)
by deleting the semi-colon at the end of the definition of “senior officer of customs” in section 2 and substituting a full-stop;
(b)
by deleting the definition of “value” in section 2; and
(c)
by inserting, immediately after subsection (2) of section 7, the following subsection:“(3) The valuation applicable to any goods subject to customs duty shall be ascertained in accordance with the Customs Act (Cap. 70).”.