Singapore legislation
Regulation 44
Regulation 44
Goods removed from bonded warehouse by persons approved under Major Exporter Scheme or Third Party Logistics Company Scheme
Subregulation 1
Without prejudice to regulation 100(3), a person who holds a licence for a bonded warehouse under regulation 94 (referred to in this regulation as the warehouse licensee) may allow goods to be removed from a bonded warehouse referred to in Part XIV without payment of tax if —
the person removing the goods is a person who has been granted approval under regulation 45 or 45A; and
the person is entitled to take possession of the goods.
Subregulation 2
Notwithstanding regulation 100(4), where there is any deficiency in quantity that is indicated or ought to be indicated in the record of stock or inventory maintained in the bonded warehouse, the warehouse licensee shall not be liable for tax chargeable on so much of the goods as he is able to show were removed by a person whom he had verified to be a person referred to in paragraph (1)(a) and (b).
Subregulation 3
A verification referred to in paragraph (2) shall be carried out in such manner as the Comptroller may require.