Singapore legislation
Regulation 2
Regulation 2
Initial allowance
Subject to paragraph 3, the initial allowance to be made under section 19(1) of the Act in respect of capital expenditure incurred on the provision of machinery or plant by Mobil Oil Singapore (Pte.) Ltd. for the Visbreaker complex shall be equal to —
100% of the expenditure incurred on the provision of one automatic blending system for producing different fuel oil grade;
100% of the expenditure incurred on the provision of one vacuum tower, visbreaker, desulphuriser and sulphur recovery plant;
50% of the expenditure incurred on the provision of two new product tanks;
50% of the expenditure incurred on the provision of one new “Merox” treating unit for the manufacturing of jet fuel; and
50% of the expenditure incurred on the provision of one new tankage for the storage of liquefied petroleum gas.