Section 94: Duty chargeable on warehoused goods

(1)
The duties of customs or excise and the rates thereof chargeable on warehoused goods shall be those in force with respect to goods of that class or description at the date of the removal of the goods from the warehouse.
(2)
Subject to subsection (4) of this section, the amount payable in respect of any duty of customs chargeable on goods under this section shall be calculated in accordance with the first account taken of the goods after their importation.
(3)
Subject to subsection (4) of this section, the amount payable in respect of any duty of excise chargeable on goods under this section shall be calculated in accordance with the account taken of the goods on their first being warehoused.
(4)
The proper officer may, either on the directions of the Board or on the application and at the expense of the proprietor of the goods -
(a)
re-gauge, re-measure, re-weigh, examine or take stock of any warehoused goods;
(b)
re-value any warehoused goods liable to duty ad valorem which have deteriorated in quality,
and in either such case, the duty on any such goods shall be payable according to the result, unless the proper officer considers that any loss or deterioration is excessive or has been wilfully or negligently caused, in either of which events the duty shall, subject to such reduction, if any, as the Board may allow, be payable according to the original account.