Hong Kong Regulations

IMPORT AND EXPORT (STRATEGIC COMMODITIES) REGULATIONS - REGULATION 2A

Exemption in relation to air transhipment cargo

(1) If the Director is satisfied that a person is engaged in the business of
dealing in air transhipment cargo he may exempt in writing, with respect to
the transhipment of any article specified in that exemption that is air
transhipment cargo, that person from the licensing requirements under section
6A(2) of the Ordinance and regulation 2(1).

(2) The Director may, whether at the time of making the exemption or
subsequently, impose such conditions as he thinks fit in relation to an
exemption made under paragraph (1), and any person exempted under that
paragraph shall comply with any condition imposed under this paragraph.

(3) If a person contravenes or fails to comply with any condition imposed
under this regulation-

   (a)  he commits an offence and is liable to a fine of $500000 and to
        imprisonment for 2 years;

   (b)  the Director may by notice in writing revoke or suspend any exemption
        granted to that person or may amend any condition.

(29 of 2000 s. 2)