Regulation 2

If a motor car is registered as an off-peak car upon its first registration in Singapore under the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (Cap. 276, R 5), the person registered as the owner of the motor car shall be granted a rebate on the excise duties paid in respect of that motor car, determined in accordance with the formula —where T is equal to the sum of A, B and C, if the sum of A, B and C does not exceed the maximum rebate or, otherwise, the amount of the maximum rebate; A is the amount of excise duties paid in respect of the motor car under the Customs (Duties) Order (O 4); B is the quota premium payable under rule 13(1) of the Road Traffic (Motor Vehicles, Quota System) Rules (Cap. 276, R 31) for the certificate of entitlement of the motor car; and C is the net additional registration fee as prescribed in rule 8(3) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules.

For the purposes of sub-paragraph (1), “maximum rebate” means the maximum rebate prescribed in rule 8(3) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules.

The amount of the rebate under sub-paragraph (1) shall not be refunded but shall only be used to set off the additional registration fee payable under rule 6 of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (Cap. 276, R 5) in respect of the motor car.