Cap. 337 Art. 12ATax Point.

(1) Import duty shall be computed -

(a) at the time a perfect bill of entry is directly registered into the Customs computer by an importer or his agent, or, when not so registered, not later than the next working day following the time of the presentation of a perfect bill of entry to the Commissioner for registration; or

(b) where such bill is not perfect, at the time it is amended and accepted as perfect to the satisfaction of the Commissioner; and in each case it is at that point in time that the rate of duty and rate of exchange shall apply: Provided that where in accordance with the provisions of the

Revenue (Safeguard) Act a new duty or an increased rate of duty is leviable upon the issue of a proclamation as contemplated in that Act, such new duty or increased rate of duty shall be leviable on any goods in relation to which a perfect bill of entry has been made but have not been released, to the extent only as may be provided in the aforesaid proclamation and the bill to which it refers.

(2) Notwithstanding the provisions of sub-article (1) of this article, the computation of import duty shall be suspended in any case where the assessment of the value is suspended in accordance with article 12(2) and (3).

*See articles 10 and 11 of Act XV of 1995.