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LASMO Drilling Rig Remission Order (SOR/92-239)

Regulations are current to 2024-05-01

LASMO Drilling Rig Remission Order

SOR/92-239

CUSTOMS TARIFF

Registration 1992-04-30

Order Respecting the Remission of a Portion of the Customs Duties on a Drilling Rig for the Cohasset/Panuke Oil Development Project

P.C. 1992-782  1992-04-30

His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 101 of the Customs TariffFootnote *, is pleased hereby to make the annexed Order respecting the remission of a portion of the customs duties on a drilling rig for the Cohasset/Panuke Oil Development Project.

Short Title

 This Order may be cited as the LASMO Drilling Rig Remission Order.

Remission

 Subject to sections 3 and 4, remission is hereby granted of a portion of the customs duties paid or payable under the Customs Tariff on the drilling rig Rowan Gorilla III imported by LASMO Nova Scotia Limited for use in the Cohasset/Panuke Oil Development Project.

 The remission of the duty on the rig referred to in section 2 shall be an amount equal to the difference between:

Condition

 The remission referred to in sections 2 and 3 is granted on condition that a claim for the remission is made to the Minister of National Revenue no later than two years following the end of each year the rig remains in Canadian customs waters.

 

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