Singapore legislation
Regulation 21C
Regulation 21C
Non-refund of residual value of permit in respect of exempted vehicles
Where a motor vehicle has been re-registered as a vehicle which is exempted from section 10A(1) of the Act by virtue of the Road Traffic (Quota System — Exemption) Order (O 5), the residual value of the certificate of entitlement relating to that vehicle in respect of —
the period between the date of re-registration of the vehicle and the date on which the certificate of entitlement would have otherwise expired; and
any period for which the vehicle has been declared non-user under rule 53 of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (R 5),shall not be refunded to the holder of the certificate of entitlement or be available to him for the purpose set out in rule 20(3) or 25.