Singapore legislation
Clause 5
Clause 5
Amendment of section 37
Section 37 of the principal Act is amended by inserting, immediately after subsection (2A), the following subsection:“(2B) For the purposes of subsections (1) and (2), where —
the warehousing regime is in respect of a warehouse that is outside the free trade zone (referred to in this subsection as the first warehouse);
the Comptroller has approved that goods in the first warehouse may be removed from the warehouse —
for the purpose of an auction, an exhibition or other similar event involving the display of goods; and
subject to such conditions and for such period as may be specified by the Comptroller in his approval,and the goods are thereupon removed from the first warehouse;
the conditions referred to in paragraph (b)(ii) are complied with; and
after the auction, exhibition or other similar event, the goods are brought, with the approval of the Comptroller, back to the first warehouse or to any other warehouse outside the free trade zone (referred to in this subsection as the second warehouse) at or before the end of the period referred to in paragraph (b)(ii),then the goods shall be treated as if they were continuously subject to a warehousing regime from the time they were in the first warehouse until they are delivered back to the first warehouse or delivered to the second warehouse, as the case may be.”.