Section 60: Disposal of movable assets from free port zone

(1) Movable assets imported for the purpose of providing or for improving facilities in a free port zone, required by a business enterprise inside a free port zone, may, unless exported by the business enterprise, be sold or otherwise disposed of within the domestic market, upon payment of import duty, value added tax, excise duty or any other import levy as may be prescribed. (2) Goods imported exclusively for the activities authorised for a business enterprise may, unless they are exported, be sold or otherwise disposed of by the developer or another business enterprise without payment of import duty, sales tax, excise duty or any other import levy provided that the other business enterprise is authorised to deal in those goods by his or her licence. (3) Where the goods referred to in subsection (2) are sold to the developer, they shall not be consumed by the developer but shall be used to further free port zone activities by selling them to any other business enterprise.