Accounting for Imported Goods and Payment of Duties Regulations

10 (1) Where commercial goods are released under subsection 32(2)(a) of the Act in accordance with section 9, the person required by the Act to account for the goods shall do so in the manner described in paragraph 32(1)(a) of the Act

• (a) [Repealed, SOR/2005-210, s. 3]

• (a.1) no later than the last business day of the month in which the release period ends, in the case of vehicles, automotive production goods and automotive service goods that are imported by a person named in Schedule 1; and

• (b) in the case of goods other than goods referred to in paragraph (a.1),

  • (i) where the goods have an estimated value for duty of $1,600 or more, within five business days after their release, and

  • (ii) where the goods have an estimated value for duty of less than $1,600, not later than the twenty-fourth day of the month following the month of their release.

(2) [Repealed, SOR/2005-210, s. 3]