Goods in transit exempt from duty and tax

Subject to the observance by the transit agent of all the provisions of the customs laws, or the conditions of any bond and of the provisions of this Act and any regulations made thereunder– (a) no import and no export duty shall be charged on any goods in transit; (b) the provisions of the Customs and Excise Duties Act and of any other Act which imposes a tax on goods imported into or exported from Belize, shall not apply to goods in transit; unless the Comptroller has reasonable grounds to suppose that any deficiency in any such goods has arisen from CAP. 48. 60 illegal abstraction in which case duty and any tax payable shall be paid on such deficiency by the transit agent.