Valuation of goods for assessing penalties

In all cases where any penalty under this Act or any customs law is related to or based upon the value of any goods, such value shall, as regards the proceedings in any court of Belize or otherwise, be estimated and taken according to the price at which the goods of like sort or description of the best 69 quality, upon which all taxes, duties and other charges payable on importation have been paid, are sold in the open market.