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BERMUDA

CUSTOMS DUTY (COURTAGEN BERMUDA LTD.) REMISSION ORDER 2013

BR 86 / 2013

The Minister of Finance, in exercise of the power conferred by section 2 of the Customs Duty (Special Remission) Act 1951, makes the following Order:

Citation

1 This Order may be cited as the Customs Duty (Courtagen Bermuda Ltd.) Remission Order 2013.

Interpretation

2 In this Order— “goods” means plant, equipment, materials, and operating supplies imported into Bermuda for the purpose of the undertaking; “undertaking” means—

(a) the establishment of a clinical DNA sequencing facility in Bermuda by Courtagen Bermuda Ltd. and includes the erecting, fitting-out, finishing, maintaining or repairing of the facility, associated storage facilities, and places of business;

(b) the operation of a clinical DNA sequencing facility in Bermuda by Courtagen Bermuda Ltd.

Exempted person

3 Courtagen Bermuda Ltd. is an exempted person for the purposes of the Customs Duty (Special Remission) Act 1951.

CUSTOMS DUTY (COURTAGEN BERMUDA LTD.) REMISSION ORDER 2013

Exemption from import customs duty

4 Courtagen Bermuda Ltd. is granted complete exemption from the payment of import customs duty on the goods that would otherwise be payable under section 2 of the Customs Tariff Act 1970, provided such goods are intended to be used or imported in connection with the undertaking.

5. Commencement and expiration

(1) This Order comes into operation on 1 January 2014 and expires on 1 January

2020.

(2) Goods which have been exempted from import customs duty by virtue of paragraph 4 shall not be subject to import customs duty by reason only that this Order has expired.

Made this 24th day of October 2013

Minister of Finance