Singapore legislation
Regulation 43
Regulation 43
Petroleum products removed from customs control
Subregulation 1
Subject to paragraph (2), where petroleum products under customs control are goods referred to in section 37(1), (2)(a) or (3)(a) of the Act, the Comptroller may permit them to be removed from any specified warehouse into the customs territory without payment of tax subject to the following conditions:
the petroleum products are removed by a taxable person for the purpose of a business carried on by him;
the petroleum products are for the principal trade, profession or vocation of the taxable person; and
such other conditions as the Comptroller may think fit to impose.
Subregulation 2
The licensee of the specified warehouse from which the petroleum products are to be removed from customs control shall verify that the taxable person removing the petroleum products satisfies the conditions under paragraph (1)(a) and (b) before allowing the removal.
Subregulation 3
In this regulation, “specified warehouse” means any of the following:
a warehouse or other place licensed pursuant to regulations made under section 37(5)(b) of the Act;
a licensed warehouse as defined in section 3(1) of the Customs Act 1960 (including a place of manufacture licensed under section 63(1) of that Act).