CHAPTER289.PDFVIP

HOTELS ENCOURAGEMENT [CH.289 – 3 CHAPTER 289 HOTELS ENCOURAGEMENT HOTELS ENCOURAGEMENT (CUSTOMS DUTIES EXEMPTION) REGULATIONS,1999 S.I. 112/1999 (SECTION 16) [Commencement 15th December, 1999] 1. These Regulations may be cited as the Hotels Citation. Encouragement (Customs Duties Exemption) Regulations, 1999. 2. (1) The items mentioned in the First Schedule Exemptions. which are used for the purposes of the construction of new First Schedule. hotels and for the substantial renovations of existing hotels deemed to be new hotels shall be eligible for customs duties exemption: Provided that customs duties shall only be exempt in respect of the first time purchase of any entertainment equipment mentioned in the first Schedule. (2) The items mentioned in the Second Schedule shall be eligible for reduced customs duties of ten per cent for hotels in New Providence and Paradise Island undergoing rehabilitation, re-equipping, remodeling, refurnishing or repairs: Provided that hotels in Grand Bahama and the Family Islands shall be eligible for full exemption from customs duties in respect of those items mentioned in the Second Schedule. 3. Customs duties exemptions on the first time Exemptions. for purchase of sporting equipment mentioned in the Third all inclusive hotels. Schedule shall be granted only in the case of all inclusive Third Schedule hotels. 4. In the case of condo-hotels, customs duties exemp- Exemptions for tions shall be granted on building materials, electrical condo-hotels. materials, landscaping materials, equipment (not including kitchen appliances for individual units) and furniture: –––––––––––––––––––––––