Vessel Duties Reduction or Removal Regulations (SOR/90-304)

10 The reduction or removal of customs duty on a vessel pursuant to section 3 or 7 shall be granted on condition that

• (a) an application for the reduction or removal of customs duty for the purpose of temporary importation or storage is made to the Minister in a form that is satisfactory to the Minister;

• (b) the application referred to in paragraph (a) is accompanied by documentary evidence that is satisfactory to the Minister;

• (c) in the case of a vessel that is temporarily imported, the vessel is used solely for the purpose for which the reduction or removal of customs duty is granted;

• (d) on the expiration of the period for which the reduction or removal is granted, the vessel is

  • (i) exported from Canada or, in the case of a vessel conditionally exempted from customs duty under the Customs and Excise Offshore Application Act, removed beyond the territorial sea,

  • (ii) released in accordance with section 32 of the Customs Act, or

  • (iii) authorized by the Minister to be placed in a Canadian facility for repairs, overhaul or adjustment; and

• (e) where the vessel is readmitted into Canada at any time other than the time set out in section 3 or 7 or pursuant to any regulations made under the Customs Tariff, customs duty is paid in an amount calculated pursuant to the Customs Act and the Customs Tariff with no deduction for any amount of customs duty previously reduced or removed under these Regulations.