Accounting for Imported Goods and Payment of Duties Regulations

10 Where commercial goods are released under paragraph 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) in the case of goods that have an estimated value for duty of $1,600 or more, within five business days after their release; and

• (b) in the case of goods that have an estimated value for duty of less than $1,600, not later than the 24th day of the month following the month of their release.