Customs Sufferance Warehouses Regulations

5 (1) Every licensee shall pay to the chief officer of customs the following fees in respect of the licence:

• (a) $500 for the period beginning on the day on which the licence is issued and ending on March 31 in the same fiscal year; and

• (b) $500 for each fiscal year of operation after the period referred to in paragraph (a) that begins during the term of the licence.

(1.1) Where a licence is issued on or after October 1 in a fiscal year, the fee payable under subsection (1) for that fiscal year is reduced by 50 per cent.

(2) The fee for a period referred to in paragraph (1)(a) or subsection (1.1) shall be paid on or before the day on which the licence is issued and the fee for each fiscal year referred to in paragraph (1)(b) shall be paid on or before April 1 in that fiscal year.

(3) For the purposes of this section, fiscal year means the period beginning on April 1 and ending on the 31st day of March next following.