Page:Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance (Cap. 629).pdf/18

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Cross-boundary Movement of Physical Currency and Bearer Negotiable
Instruments Ordinance

Part 2—Division 2
Ord. No. 7 of 2017
Section 11
A217

logistics service business (物流服務業務) means a business of transporting, or arranging for the transportation of, goods for other persons.

11. Declaration requirement

(1) A declaration required by section 9(1) must be made—

(a) by sending the information set out in Part 2 of Schedule 3 in the form of an electronic record to an information system designated by the Commissioner; or
(b) by giving the information in the way specified under subsection (2).

(2) The Commissioner may specify the way in which the information set out in Part 2 of Schedule 3 is to be given if the Commissioner considers that sending the information in accordance with subsection (1)(a) is not practicable.

(3) The Commissioner must, as soon as practicable after making a designation or specification, publish the details of the designation or specification in a way that the Commissioner considers appropriate.

(4) If information is sent to a designated information system, the declaration is taken to have been made at the time when a reference number is generated by the system indicating acceptance of the information by the system.

12. Determining value of CBNIs not denominated in Hong Kong dollars

(1) For the purposes of this Division, if a CBNI imported or exported is denominated in a currency other than Hong Kong dollars, its equivalent value in Hong Kong dollars must be calculated in accordance with this section.