In force2014 Revised Edition

Contents

9. Rebate for off-peak car

(1)

Subject to rule 8, a person who desires to purchase a vehicle which will be registered as an off-peak car may apply to the Registrar for a rebate on —

(a)

the fee payable under rule 7; and

(b)

the quota premium payable under the Road Traffic (Motor Vehicles, Quota System) Rules (R 31) for a certificate of entitlement,in respect of the new vehicle at the time of its registration.

(2)

In granting an application under paragraph (1), the Registrar may impose such conditions as he thinks fit.

(3)

The Registrar may, subject to paragraph (6), grant a rebate of the whole or part of the additional registration fee for an off-peak car registered with a certificate of entitlement issued before 4th May 2002 which shall be determined in accordance with the following formula:where Tis equal to the sum of A, B and C, if the sum of A, B and C does not exceed the appropriate maximum rebate specified in paragraph (5) or, otherwise, the amount of the appropriate maximum rebate specified in that paragraph;Ais the amount of customs duties paid in respect of the motor car under the Customs (Duties) Order (Cap. 70, O 4);Bis the quota premium payable under rule 14(1) of the Road Traffic (Motor Vehicles, Quota System) Rules for the certificate of entitlement of the motor car; andCis the net additional registration fee.

(4)

The Registrar may, in his discretion, grant a rebate, not exceeding $17,000, of the whole or part of —

(a)

the additional registration fee; and

(b)

the quota premium payable under the Road Traffic (Motor Vehicles, Quota System) Rules for a certificate of entitlement,for an off-peak car registered with a certificate of entitlement issued on or after 4th May 2002.

(5)

For the purposes of paragraph (3) —

(a)

the maximum rebate shall be —

(i)

in the case of an off-peak car in respect of which a category (f) certificate of entitlement has been issued, $15,000; and

(ii)

in any other case, $17,000;

(b)

the net additional registration fee shall be an amount equal to 70% of the value of the motor car determined by the Registrar under rule 7(3) if the motor car is registered using a certificate of entitlement issued before 1st April 1998; and

(c)

the net additional registration fee shall be an amount equal to 60% of the value of the motor car determined by the Registrar under rule 7(3) if the motor car is registered using a certificate of entitlement issued on or after 1st April 1998.

(6)

The Registrar may, on or after 1st October 1994, grant to the holder of a category (f) certificate of entitlement the rebate granted under paragraph (3) for an off-peak car in respect of which a certificate of entitlement other than a category (f) certificate of entitlement has been issued if the holder of the certificate pays to the Registrar a sum of an amount equivalent to any positive difference derived by deducting —

(a)

the quota premium paid under the Road Traffic (Motor Vehicles, Quota System) Rules for the category (f) certificate of entitlement; from(b)the quota premium which would have been payable under the Road Traffic (Motor Vehicles, Quota System) Rules for a certificate of entitlement for a motor vehicle of the appropriate cylinder capacity which was issued at the same time as the category (f) certificate of entitlement.

Subregulation 1

Subject to rule 8, a person who desires to purchase a vehicle which will be registered as an off-peak car may apply to the Registrar for a rebate on —

(a)

the fee payable under rule 7; and

(b)

the quota premium payable under the Road Traffic (Motor Vehicles, Quota System) Rules (R 31) for a certificate of entitlement,in respect of the new vehicle at the time of its registration.

Subregulation 2

In granting an application under paragraph (1), the Registrar may impose such conditions as he thinks fit.

Subregulation 3

Subregulation 4

The Registrar may, in his discretion, grant a rebate, not exceeding $17,000, of the whole or part of —

(a)

the additional registration fee; and

(b)

Subregulation 5

For the purposes of paragraph (3) —

(a)

the maximum rebate shall be —

(i)

in the case of an off-peak car in respect of which a category (f) certificate of entitlement has been issued, $15,000; and

(ii)

in any other case, $17,000;

(b)

(c)

Subregulation 6

(a)

Report

Read on from reg 9A

Part V

Registration and Re-Registration of Off-Peak and Electric Cars, Etc.

Read on from Part V

Part X

Visitor’S Permits

Read on from Part X

Schedules

Read on from Schedules