Re-importation

Goods which undergo a process of repair, renovation or improvement within the CARICOM area having been consigned for that purpose from Belize to a consignee in another member State of CARICOM shall, on their return to Belize, be 30 Customs and Excise Duties treated for the purpose of re-importation only, in like manner as goods which are of CARICOM area origin, provided that the goods are reconsigned directly to Belize and the value of materials imported from outside the CARICOM area or of undetermined origin which have been used in the process of repair, renovation or improvement does not exceed – (a) in the case where the goods have undergone the of repair, renovation or improvement in a More Developed Country, sixty-five per cent of the cost of repair, renovation or improvement; (b) in the case where the goods have undergone the of repair, renovation or improvement in a Less Developed Country, eighty per cent of the cost of repair, renovation or improvement.