Warehouse clearance can attract later customs exemption notifications without reopening the original import valuation.

Goods imported and kept in a private bonded warehouse could claim exemption notifications issued after deposit when cleared from the warehouse, because the relevant date for duty on warehoused goods was the date of removal. The notifications operated only at the stage of assessment on clearance and did not alter the value already determined on importation under the valuation provision. Applying the notifications therefore did not amount to a fresh revaluation of the goods, and the existing import valuation remained undisturbed.

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Issues: Whether goods imported and kept in a private bonded warehouse were entitled, on clearance from the warehouse, to the benefit of customs exemption notifications issued after their deposit, and whether applying the notifications involved impermissible revaluation of the goods under the valuation provision.

Analysis: The exemption notifications granted partial relief subject to computation of duty on a notional value derived from the specified production or processing costs and the freight and insurance components. The value determined on importation under the valuation provision remained unchanged during warehousing, and the subsequent application of the notifications affected only the assessment to duty at the time of clearance. The relevant date for duty on warehoused goods was the date of removal from the warehouse, and the use of the notification did not amount to reassessment of the goods' value under the valuation provision.

Conclusion: The notifications applied on clearance from the bonded warehouse, and no interference with the existing valuation under the valuation provision was warranted.

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