Customs Bonded Warehouses Regulations
5 (1) Subject to subsection (2), every licensee shall pay to the chief officer of customs an annual fee for the licence, for the period beginning on the day on which the licence is issued and ending on March 31 in the same fiscal year and for each fiscal year of operation thereafter, determined on the basis of the amount of security deposited under section 4, in accordance with the table to this subsection.
Amount of Security Deposited Amount of Fee Payable Per Fiscal Year Up to $10,000 $ 100 $10,001 to $50,000 800 $50,001 to $200,000 1,500 $200,001 to $500,000 3,000 More than $500,000 5,000 (2) Where a licence is issued on or after October 1 of a fiscal year, the fee payable for that fiscal year shall be half the applicable fee but not less than $100.
(3) The fee payable under subsections (1) and (2) for the period beginning on the day on which the licence is issued and ending on March 31 in the same fiscal year shall be paid on or before the issuance of the licence and the fee for each fiscal year of operation thereafter shall be paid on or before April 1 of that fiscal year of operation.
(4) For the purposes of this section, fiscal year means the period beginning on April 1 and ending on March 31 in the following year.
- Date modified: