s 53 Amendment of section 70
Section 70 of the principal Act is amended by substituting for subsection (1) the following subsection: “(1) In relation to goods that have been imported and deposited in the warehouse and for which tax would be chargeable on the imported goods, there shall be a scheme to be known as the “Warehousing Scheme” which allows— (a) tax chargeable on the imported goods to be suspended when the imported goods are deposited in the warehouse; (b) supplies of goods made between the warehouses to be disregarded; and (c) supplies of goods made within the warehouses to be disregarded except for the last of such supplies of goods which are removed before the duty point.”.